GTA Home Renovation Contractor: Owner Retiring

Business Overview
*Long-established residential renovation contractor: established in the 1940s, the business specializes in interior and exterior renovations.
*Service model: high-touch project management with licensed subcontractors; strong on-site presence from start to finish.
*Reputation-driven: repeat and referral engine fueled by exceptional communication and reliability.

Financial Highlights
*Consistent profitability: Business has always been run profitably with around 40% Gross Margins.
*Healthy Bottom Line: revenues $1.293M in 2024 with an impressive Seller’s Discretionary Earnings (SDE) of $490K.

Human Resources & Assets
*Headcount: 6 (4 full-time; 2 part-time). Representative roles include renovators, a carpenter, and office support.
*Owner’s role: schedules, coordinates projects, and liaises with clients and crews; successor should have construction project management experience.
*Stable trade bench: long-tenured, licensed subcontractors familiar with company standards

Strengths & Risks
*Excellent reputation, communication, attention to detail, and service reliability; delivers what’s promised.
*Standards rely on disciplined subs and staff; succession requires a capable project manager to maintain service levels.

Transition & Future
*Flexible Sale Terms: Open to discussing seller financing under favorable conditions.
*Seller is willing to stay on for a smooth transition.
*Reason for sale: Retirement