Location: Saskatoon, Saskatchewan
Asking Price: $8,000,000
2011 Gross Sales: $6,601,597 (FYE March 31, 2012)
2011 Cash Flow*: $2,308,560 (FYE March 31, 2012)
Reason for Sale: Owner is retiring
Training and Support: The owner is prepared to train a buyer in all aspects of managing the business to ensure a successful transition.
- Established in the market place having been in business for 40+ years.
- The current equipment has been well maintained and is in good working order.
- Revenues have been steadily increasing over the last 5 years
- Growing economy in Saskatoon
*Annual Cash Flow = Net income before taxes + depreciation + interest + owner draws and benefits
The Company is located in Saskatoon SK and specialize in the asphalt paving industry. They do parking lots, new roads, and repairs. The Company has an excellent reputation for providing professional and reliable service. They do this by combining their experience with a set of strong employees. The Company is known for keeping their equipment well maintained and up to date. This way any project that comes their way is something they can complete.
The Company currently works in Saskatoon in the north industrial area of the city. The City of Saskatoon has called for the building of 10,000 new homes. This means a vast amount of roadways and parking areas are needed. There will be a steady amount of work in this industry for years to come.
Competition exists, however the Company has built a strong reputation and is a leader in the industry. Most projects in the city only have six bidders for each paving project. As the industry leader, the Company is often successful obtaining the jobs of their choice. There is a vast amount of work in the area with the Rosewood project and the call for 10,000 new homes by 2014 by the City of Saskatoon.
Year Established: 1970
If you are interested in this business, please contact:
Travis Kellett, Broker
Bridgepoint Business Brokers
Email: Click to email Travis
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