Traffic Coating Contractor
Traffic Coating Contractor
Price: $990,000
Location: GTA West
Industry: Construction
Listing ID: 2021-06-16
Listing Status: Sold
This company is a trusted floor finishing company serving Ontario with combined experience of over 20 years in the industry. It provides high-quality flooring solutions and services such as Traffic Coating, Concrete Preparation, Epoxy Coating and Polished Concrete, Polyurethane coatings, balcony waterproofing etc., in the Residential, Industrial and Commercial markets.
LEED (Leadership in Energy and Environmental Design) is an internationally accepted benchmark for green building and the Company utilizes products that achieve LEED compliance.
It has extensive experience in many services and is well-known as Canada’s largest Traffic and Pedestrian Coating Installer. The company has a considerable number of projects slated for 2022-2023. Entire Management Team is in place to operate this business. Owner has been training them to fully take over management.
Cash Flow: N/A
FFE Included: Yes
Reason For Sale:
Owner is relocating.
Training & Support:
Seller willing to provide training to new owner and staff and provide introduction to customers, suppliers, in order to assist them to continue the name and legacy of this company.
Employees: 12
Facilities Information:
Business requires new location. A small commercial unit would be sufficient for operations.
Competition:
Smaller but fast-growing company in the floor coating industry. The flooring industry has a high barrier to entry due to the large investment required. This company was able to penetrate a market that is difficult to enter. The company chose to target the traffic topping market first because of the lack of flooring contractors servicing that sector. Within the traffic topping market, there is very little competition. The largest competition would be restoration companies or building enclosure companies.
Potential Growth:
This company has a considerable number of sizeable projects already scheduled for 2022-2023.
Bringing in key management staff with years of experience in the industry, it is poised for substantial growth. The company is revolutionizing an industry that has been dated and lacked innovation, technology and exposure on social media channels. It is positioning itself to fill a gap in the industry where existing established flooring companies are aging and lack succession planning. The other larger competition is mostly unionized thus providing the opportunity
of lower costs.
Having hired key industry players from the industry, company has the foundation built for substantial growth.