*Company: Based in Greater Toronto Area (GTA) – well established with 30 years in operation – owner with 35 years experience
*Strong growth in revenues/profitability: Last year (Year-End Nov-2023) revenue at around $4.8M and seller’s discretionary earnings (SDE) approximately $1.8M. Based on Year-to-date performance, the forecast for YE 2024 are for revenues to grow to $7M and SDE to approximately $2.4M
*Niche Industry: Already a leader in the industry, the company is focused, positioned and operates in an already high-growth industry – large scale Electrical Vehicle (EV) charging solutions. Canada’s federal government 2035 EV mandate would give the industry a good boost for the next 1-2 decades to come
*Revenues: Mainly from high power EV charging solutions/services, but also from controls and Building Automation System (BAS) wiring, solar installations as well as general electrical contracting
*Geographical Coverage: Most of the Projects and services offered are in Greater Toronto and surrounding area
*Growth Opportunities: By increasing the workforce, undertaking more projects from existing and new clients, expanding geographically beyond GTA and/or by implementing a more aggressive sales/marketing strategy to expand the client base
*Staff: Owner included – an unionized staff of 13 full-time employees. Key employees have been with the company for last 10-20 years
*Owner’s Role: Owner’s key role is to handle overall management of the company, clients’ relationships, sales – manage the staff – supervise ongoing projects and services
*Marketing: Most of current revenues are generated through existing clients and referrals, with minimal marketing
*Smooth Transition: Owner is planning to retire, hence looking to sell the business. He is willing to stay on board for a negotiable period (6-12 months) to assist with the transition of the business
*Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $310k)
*Financing Flexibility: Seller is open to consider seller financing option for serious and qualified buyers only
