*Company: Based in Surrey (BC) – well established with 12 years in operation – owner with 25 years experience
*Strong growth in revenues/profitability: Last year (Year-End Dec-2023) revenues were $2.07M and seller’s discretionary earnings (SDE) approximately $360K. The forecast for YE 2024 are for
revenues to grow to around $3M and SDE to $450K+
*Fast Growing Industry: Company operates in the fast-growing industry of Fire Protection Systems by performing installations, repair and maintenance services for general contractors, commercial and residential clients
*Geographical Coverage: Projects and services offered expand from Greater Vancouver and surrounding area, Vancouver Island and to the east up to Okanagan Valley (Kelowna, Kamloops, etc.)
*Growth Opportunities: Exist by increasing the workforce, undertaking more projects from existing and new clients, expanding out of Greater Vancouver area and by implementing a more aggressive sales/marketing strategy to expand the client base as well by expanding into fire alarm inspection services
*Staff: Owner included – company has a non-unionized staff of 18 employees: 11 full-time(FT) and 7 part-time(PT)
*Owner’s Role: Overall management of the company, client relationships as well supervise the ongoing projects/installations and services
*Marketing: Most of the marketing is done through existing clients and referrals, as well as through advertising to Yellow Pages, local flyers and social media platforms (Facebook, Instagram)
*Smooth Transition: Owner is planning to retire, hence looking to sell the business. He is willing to stay on board for a negotiable period of 6-9 months in order to assist with the transition of the business
*Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $220K)
*Financing Flexibility: Seller is open to consider seller financing option for serious and qualified buyers only
