*Established Leadership and Reputation in Residential, Commercial, and Institutional: Established over 15 years ago, this company has cemented itself as a key player within the commercial Drywall service in Southern Ontario, serving a diverse range of clients in the Residential, Commercial, and Institutional markets.
*Highly Skilled Workforce and Streamlined Organizational Structure: The business is powered by a professional, skilled team of 15 full-time staff led by VP operations. Additionally, it has access to a network of over 65 highly qualified subcontractors, ensuring efficient project execution and scalability. The streamlined operations and structured team provide a solid foundation for continued success.
*Attractive and flexible Deal Structure: The seller might entertain a partial earnout provision for a qualified buyer.
*Smooth Transition Supported by Strong Leadership: The business is currently owned by an absentee owner. The transition will be seamless, as the owner’s minimal responsibilities—such as general management and financial overview — are efficiently managed by the existing VP Operations and a capable team. With employees committed to their roles, operational continuity is well-supported.
*Standard Operating Procedures and technology: The company has implemented standard operating procedures and technology, creating
streamlined operations that enhance both efficiency and profitability.
*Outstanding Growth and Profitability: The company has achieved exceptional revenue growth, with an annualized average rate of growth of 27% from FY 2020 to FY 2023 and a 41% increase from FY 2021 to FY 2023. Revenues surged from $2.3M to $6M, driven by streamlined operations, innovative use of technology, and strong leadership. Profitability has been strong, with an average SDE of 18% between FY2020 to FY 2023 and grew from $617k in 2020 to $800k in 2023, reflecting the business’s ability to effectively manage costs while scaling operations. As per the seller, the company projects a revenue of approx. $4M in 2024, with an SDE of $300k. This decline from 2023 is attributed to the implementation of SOPs and technology upgrades, coupled with a general industry slowdown. However, according to the seller, with the current pipeline of project bids in negotiations of almost $5M for next year, the company projects a revenue of $6M+ for the Y/E 2025 and a profit of $1M. According to seller, The improved margins are due to process streamlining and operation optimization compared to previous years.
*Valuable Assets Included: The sale includes over $200K in assets, consisting of approximately $100K in vehicles and $100K in equipment—valuable resources for maintaining current operations and supporting future growth.
*Low Competitive Environment and Loyal customer base: The company operates in a service area characterized by minimal competition, which positions it favorably in the market. The company has a loyal customer base due to its excellent service and brand reputation in the market. This environment not only supports stable revenue streams but also offers significant opportunities for growth and expansion into new service offerings and geographic areas.
*Significant Expansion Opportunities: Poised for growth, the company has excellent potential to expand its services and market reach through targeted marketing and service diversification, unlocking additional revenue streams and market share.
