Industry Overview
Ontario Roofing Market is $5.1b, forecast growth of 4.5% in 2023
Canadian Home Renovation Market is $66.2B Forecast growth of 5.8% in 2023
Location
GTA, Ontario, Canada
Business Description
Established in 1989 the business has focused on delivering high quality projects, that meet or exceed clients expectations, throughout the GTA. This has resulted in the company building a valuable reputation for operating with integrity and delivering quality workmanship. Over recent years the company has won a number of industry awards.
We hold top industry certification as a Select Shingle Master with Certainteed which only 1% of roofing companies qualify for.
Over the years LIR we have established meaningful partnerships within the supply chain and the specialist service providers needed to offer a complete range of projects to the clients. Delivering projects via its own long serving team of employees or selected sub contractors as required.
The company turnover is made up of different segments:
Roofing ( all types),
Insulation and Ventilation,
Roofing Repairs,
Aluminum and Siding ( all types) and
Full Home Renovation.
We have its our own warehouse and manufacturing facility in Mississauga, this is also where the office staff operate.
The company is now ready for a new owner to grow the sales and profit over coming years. The new owner will have a successful business platform to build on, which is showing a positive trend in recent years thus giving a clear sign of the future potential to be enjoyed.
The opportunity to receive a quick ROI is clear regardless of the business continuing to be run independently or the business being integrated into another existing entity.
The current owner and team are fully committed to support the business during the transition
Financial Summary
2023
$3.9m CAD Sales Revenue
$200k CAD Net Income
List Price $1.5m CAD (Includes $360k of assets and equipment)
2024 Forecast
$4.4m CAD Sales Revenue
$300k CAD Net Income
Transaction Information
Leased premises approx 5000sq ft, including office, warehouse and manufacturing. Mixed Fleet of company vehicles. Stock, equipment and all assets available for negotiation.
The owner and founder has successfully run the company since 1989, he has significant knowledge and experience within the roofing industry. He is held in high regard by both his industry peers and the company clients of many years
The Company crrently has 11 full time employees, 2 full time vacancies, 1 salesman ( commission based).
The majority of the current full time employees have been with the company for years or more. They each support the business with a great depth of knowledge.
The owner also has a partner in the business who established the renovation division approx. six years ago There are a total of 15 approved sub contractors who work with the company from time to time.
To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.
