“Working for you in one form or another”
Comox Valley Island Forms Ltd. was acquired in 2006 by the Vanderveen family and has grown to be a leading provider of concrete forms and supplies to the Comox Valley. With a loyal client following and significant growth potential, the owner is looking to retire from this business and pursue other interests.
Owner is seeking a buyer (share sale) who desires to continue to provide excellent service to its client base, retain its current key employees and someone who seeks to grow the business to support the needs of the Comox Valley and an expanded service area.
CVIF Business Model: fee for service business model that includes.
• Delivery and pick up of foundation construction forms
• Form rentals to builders & contractors (primarily residential)
• Secondary revenue stream with Crane / truck service rental
• Direct sales of “Quick Strip” tie system
• Repeatable and sustainable client base
• Committed and long-term business (reliability)
• Fixed, stable overhead
Opportunity Highlights:
CVIF has been serving the construction industry since 1986 . Since taking over in 2006 the business has grown revenues by over 100% with significant upside for continued growth.
• Turnkey business: share sale includes all inventory/stock, furniture / fixtures, company truck and delivery crane trucks.
• Strong, repeatable cash flow and income.
• Significant upside (growth potential): business readily scalable via market and area expansion (currently business is 90% residential and 90% Comox Valley area).
• Early-stage business diversification for crane trucks for pick-up and delivery of other products.
• No debt or trailing liabilities.
• Owner willing to transition on retainer to support client relationships and operational integration.
• Below market shop (40 x40) and land (0.25 acre) lease available.
Business includes two older model crane trucks, service truck, forms, all shop supplies and fixtures.
Sale price includes agreed upon working capital ($25,000) at close
Annual Seller Discretionary Earnings (SDE) $160,000/yr
