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Vancouver Island Residential Construction Concrete Forms Business For Sale

Courtenay, British Columbia, Canada
Asking Price:
$460,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$480,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

“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

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease at $1,800/mo for shop, office and yard (below market rate)

Leasehold Rent:

$21,600 (CAD) per annum

Location:

Central to all building sites in the Comox Valley. Business is located in Courtenay

Premises Details:

Business located at family property secured under 5 year preferred rate lease which includes, shop, office and 0.25acre yard with room for growth

Business Operation

Expansion Potential:

Current focus has been to serve Comox Valley residential builders. Significant requests for additional product have only been limited by current owners desire to limit growth / size of company. Secondary business line of crane truck rental when available has been partially captured however upside exists with additional staff. Additional opportunities exist for consolidation in the region and on the island for interested parties.

Competition / Market:

We are the primary supplier of rental construction forms in the Comox Valley with significant ability to grow to neighboring communities (Campbell River, Port Alberni, Parksville / Qualicum and surrounding out islands

Reasons for selling:

Owner recognizes growth potential but does not want to be the one to take it to the next level. After 15 years is looking to take on new challenges and pass business to growth minded group.

Trading hours:

Mon - Fri (some Saturdays)
Construction Hours (generally 10 hrs/day)

Employees:
3-4
Years established:
1986

Other Information

Support & training:

Owner willing to support transition and integration

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Preference to no vendor financing but willingness to consider for the right candidate.

Furniture / Fixtures value:
$75,000 (CAD) - included in the asking price
Inventory / Stock value:
$125,000 (CAD) - included in the asking price
Related Documents:

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