- Established Leadership and Reputation in Residential, Commercial & Industrial Millwork: The Company is a leading and well-established player in Ontario’s custom millwork industry. The Business designs, fabricates, and installs custom millwork products including cabinetry, casework, wall panels, mouldings, and other interior wood finishes
- Robust Revenue Model: The Company benefits from a diversified revenue base, with the majority of revenue generated from institutional projects, followed by commercial work, and a small portion derived from residential projects
- Financial Performance: The company has demonstrated a strong year-over-year upward trend in Revenue, Gross Margin, and Seller’s Discretionary Earnings (SDE):
➢ Revenue: 2-Year Average of ~$23M with FY 2026 forecasted at ~$25.5M.
➢ Normalized SDE: 2-Year Average of ~$7.3M with FY 2026 forecasted at ~$8M.
➢ SDE Margin: ~31-33%.
➢ Revenue Pipeline: $40M+ in revenue pipeline extending into 2028 - Valuable Assets Included: The business price encompasses assets of approximately $2.4M, comprising of Vehicles & Equipment. Approximately $3M of working capital included in the purchase price
- Sticky Client Relationship & Strong Market Demand: The business benefits from a loyal and recurring client base and is a highly sought-after contractor regularly invited to bid on projects, supporting a consistent pipeline of opportunities
- Experienced Management & Scalable Labour Model: The company benefits from a loyal and highly skilled core team that drives operational efficiency and profitability. Project execution is further supported by 60–100 unionized tradespeople sourced through the union hall as required, allowing the business to scale its workforce efficiently to meet project demand.
- Transition Support & Operational Continuity: The business is currently owned by the existing owner who is seeking an exit strategy. The Seller is open to providing a transition under negotiable terms to ensure a smooth handover. With a dependable management team and access to skilled manpower, operational continuity is well supported
- Expansion Opportunities: Future growth can be achieved by increasing the company’s bonding capacity, enabling it to bid on larger projects and expand its project pipeline. Additional opportunities exist to grow the company’s presence into new geographic markets.
- Email Us : office@n3business.com
