*Unique opportunity to acquire either a full or partial stake in a rapidly growing Concrete Formwork & Wood-Frame Contracting Business in Vancouver with the existing founding owner potentially staying on as an operating partner
*CEO of the company has indicated a desire to remain in their position as an employee to support the new ownership
*The seller might entertain partial Vendor Take Back (VTB) financing and/or an Earn-out provision for a qualified buyer
*Excluding the FY2021 impact of COVID-19, the company has consistently achieved year-over-year revenue growth since its establishment in 2016. Revenue for FY2023 was approximately $5.8 million, with discretionary earnings reaching approximately $1.6M
*As per the Seller, the company’s total projected pipeline exceeds $29 million as at April 2024, encompassing 10 projects across British Columbia to be developed between 2014 and 2026
*As per the Seller, the company has projected revenues ranging from approximately $8.2M in 2024 to approximately $11M in 2026 with EBITDA of 25% to 30%
*Company specializes in concrete formwork and wood framing work, and participates in projects across British Columbia
*Clients are essentially gained through referrals, in addition to a considerable number of repeat customers
*A team driven business with a reputation of quality and professionalism that stands out in every completed project, while meeting and exceeding Health and Safety standards for workers and sub-contractors
*Business provides great customer service to its clients and has become a go-to general contracting company in the BC area
*Business has a non-unionized staff of 12 employees, and over 120 Sub-trade workers at any given time
*Huge potential to grow the business by leveraging the excellent business reputation and hiring more labour and specialized staff such as estimators and project managers
*Seller is looking to pursue other opportunities, and is willing to also stay within the organization as a partner to help grow the business along side a strategic partner; In the event of an outright sale, the Seller is willing to stay for a transition period and/or consultant for a negotiable period of time
