Retirement-Marble and Stone Manufacturing Business For Sale

Name: Retirement-Marble and Stone Manufacturing Business For Sale
Address: Toronto, Toronto, Ontario, Canada

Toronto,

Ontario,

Canada

Contact Broker

Overview

Company: Based in Greater Toronto Area (GTA) – well established with 18 years in operation – owners with 40+ years experience
Strong growth in revenues/profitability: Last year (Year-End Aug-2023) revenue at around $4.1M and seller’s discretionary earnings (SDE) approximately $1.14M. Based on the present performance, as per the seller, the forecast for YE 2024 are for revenues to grow to $5.17M and SDE to approximately $1.78M
Industry: Already one of the main players in the GTA, the company is a custom fabricator of granite, quartz and porcelain countertops with a strong reputation in the industry
Revenues: Mainly based on low-rise residential builders in combination with commercial and high-rise builders. Around 80-90% of revenues are generated from long-term clients
Geographical Coverage: Most of the projects and services offered are in Greater Toronto and surrounding areas
Growth Opportunities: Exist 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: Owners included – a non-unionized staff of 14 full-time employees. Key employees have been with the company for last 5-10 years
Owners’ Role: Owners’ key role is to handle overall management of the company, sales, estimations and oversee production
Marketing: Most of current revenues are generated through existing clients and referrals, with very minimal marketing
Smooth Transition: Owners are planning to retire, hence looking to sell the business – Willing to stay on board for a negotiable period (3-6 months) to assist with the transition of the business
Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $730k)
Financing Flexibility: Seller is open to consider seller financing option for serious and qualified buyers only