Professional Trades Services Company - Click for Details
Halifax Regional Municipality
Started 6 years ago as an option for semi-retirement, the owner of this company has built a brand and established a market position we feel is very well positioned for growth. The owner is not interested in further growth, even though demand is there. All business has been incoming, with next to no advertising.
There are 3 experienced staff + a book keeper, in addition to the owner, responsible for the operations. Senior staff are capable of all quoting and hands on work the owner does, so if you are more business oriented and your focus was on growth, operations, marketing, etc. the platform is here.
Owner service calls represent approximately 7% of total revenues generated for 2018.
Seller is willing to remain with the business until August 2020, to assist with the transition and provide any of the "hands on" work.
Fiscal Year is September 30.
For the 12 months ending fiscal 2018, revenues were $700k with SDE of approximately $235k.
For the 8 months ending May '19, revenues are $655k, projected to do not less than $1M with SDE of approximately $300k.
- Gross Profit is approximately 68% (before wages)
- As of May 18th, A/R stood at $150k.
- 4 leased vehicles, ranging in age from 2016 - 2019
We would anticipate the need for a $100k operating line of credit to support the cash flows early on.
* SDE - Seller's discretionary earnings are the pretax and pre-interest profits before non-cash expenses, one owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.
Minimum Equity Required
Leased location - monthly, can easily be expanded or cancelled. Essentially, just a meeting place for staff and storage for supplies. Not a formal office space / warehouse, but very secure, clean, and accessible.
Non Disclosure Agreement
I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.
I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.
I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.
It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.
This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.