Greater Toronto Area Landscape Construction Company For Sale

Business description

This is a leading Landscape construction company in business for over 25 years. This is an incredibly stable company. Retirement sale. $2 million in (appraised value) heavy equipment is part of the deal (equipment is approx $3.5 million in original cost), a trained workforce, over $2 million in secured projects to be taken over by the new owner. Bonding facility in place, allowing the company to bid on major government projects. Excellent financial information available to serious buyers. 70% of the company's business is government tender projects. They also have excellent long-term contracts in place.

Types of projects include: municipal snow removal, concrete work, park & trail construction, heavy excavation, site servicing, etc.

2008 revenue - $3.7 million. Past 3 years - average pre-tax profit: approx $800,000. 2009 pre-tax profitability estimated to exceed $900k and should approach $1 million. An extremely profitable company with a solid operating history. 2009 results to date are extremely strong, exceeding fiscal 2008 performance.

Includes all assets of the company. Approximately $2 million (appraised value) of heavy equipment + approx. over $2 million in 'work in progress' secured contracts.

Current owner is willing to stay on for an extended period of time. Either to assist in the transition or to remain as a consultant.

This is a share sale but new owner will assume ownership of the business without any debt. The price of the business is $3.75 million. Real estate can be purchased separately for $1.5 million.

Property information

Real Estate:

Real Property Included

Location:

Located in a prime location in West GTA.

Premises details:

1 acre of property + building. The building is the office and shop area for the fleet of heavy equipment. The property can be purchased for $1.5 million.

Other information

Expansion potential:

Very high potential for expansion. Again, the business has the equipment, bonding facility and references to go after projects with other municipalities.

Competition / Market:

The barriers to entry to this industry are significant so there are only a small handful of companies bidding on the types of projects this business is going after. This business has the heavy equipment, workforce, bonding facility, reputation and references to successfully go for the large-scale government projects that they are getting.

Support & training:

Owner willing to stay on for an extended period of time after the sale.

Reasons for selling:

Retirement.

Trading hours:

Year round operation. Significant municipal snow removal contracts in the winter + site construction work the other seasons.