Very Profitable Masonry Business in GTA

Listing ID:
TORONON002-N499

Greater Toronto, Ontario, Canada

Masonry Contractors

Listing Status: Active

Sunbelt of Toronto, West

Phone: 905-602-5003
Fax: 519-489-2755

The following broker is assigned to this listing:

Robert Mitchell

robmitchell@sunbeltnetwork.com
Cell: (519) 820-9043
Real Estate License ID: 4745032

Description

Located in the Toronto area, the Company works throughout the Greater Toronto Are (GTA) and across Southern Ontario. The clientele served by the Company are construction companies, builders and general contractors. Approximately 80% of the work is within a 1-hour drive of the GTA with the remainder being a 1-3 hour drive. The Company specializes in all types of masonry work for residential, commercial, industrial and institutional buildings. The Company has an excellent reputation for quality workmanship and excellent relationships with suppliers, contractors and customers. The owner has decided to retire after building the business significantly. The Company has one main location in the Toronto area and operates throughout Southern Ontario. The business is very profitable with strong growth in recent years. With a solid mix of Commercial and Residential projects, the company has generated average revenue in excess of $24 million over the last three years. The business operates with 2 site supervisors, 10 crews and 73 employees. This opportunity would suit a similar masonry/construction company located in Ontario. Additionally, it would be an ideal opportunity for a masonry/construction company located elsewhere that wished to establish themselves in Ontario.

Financials

Asking Price:$6,000,000
Revenue:$24,920,000
Cash Flow:$1,403,000
Downpayment:$0
Monthly Payroll:$0
FF&E Asking Price:N/A
Inventory Asking Price: N/A
Financing Available?No

Property

Real estate is unavailable for this listing.

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1997
Year Acquired:1997
Full-Time Employees:73
Part-Time Employees:N/A
Reason For Sale:Owner wishes to retire.