40+ year old Premier Specialty Contracting Firm

Price: Under Valuation

Minimum Equity Required: $500,000

Location: Nova Scotia

Industry: Services

ID: 1380

Status: Coming Soon

Description

When you're looking for stability, you look to a company that has nearly 50 years of experience to it's reputation, along with multiple disciplines. It's time to retire and allow a new owner to experience all the benefits this well established operation has provided its owners.

Business Highlights:
- Multi discipline offerings of Electrical, Plumbing, and Refrigeration.
- Diverse client base and service offerings: Commercial, industrial, and residential customers make up a diverse and loyal customer base.
- Strong recurring revenues, as well as numerous immediate opportunities to add additional recurring revenue streams (heat pump cleaning, water system maintenance, etc.)
- Situated in a area with strong growth in the new construction and renovation market, the company is benefiting from new and repeat business.
- Skilled Team of 10 staff + owners. Company culture is predicated on "do it right".
- Load of growth potential
- Transition support may be up to a year, ensuring a confident handover, for all involved.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

Shall be added soon

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 30% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The business owns its real estate, located on approximately 1.7 acres of land.
- on-site septic and well
- there is an office building with showroom and warehousing

Property is in very good condition and well taken care of over the years.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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