Outdoor Flooring, Shades And Design

Internal Id

20211130

Growth & Expansion

According to (Canada Mortgage and Housing Corporation) and CondoNow, there are an estimated 2,500 condo corporations that are occupied with over 1,000 new condos being constructed that are earmarked to be occupied by its owners within 48 months. These figures represent a 40% growth in this company's target market, presenting a strong potential for expansion for the business. In addition, there are ample growth opportunities including deepening its market reach and penetration by expanding geographically, unlocking the franchising model, expanding its product and service range to include pavers, design services and indoor condos renovation services respectively. The company grew its Seller’s Discretionary Earnings by 216.5% from F.Y. 2019 to F.Y. 2021. An 85.5% increase in Revenues was also experienced within the same timeframe. This growth is expected to continue.

Inventory Included

No

Support & Training

Owners are willing to help to transition a new owner in any way they can. They had already developed their company for Franchisees and this training could easily be adapted for the new owner. They would also make themselves available for any other support that may be required and are open to suggestions and terms. They are invested in ensuring that the new owner is well prepared to take their company into the future and prosper.

Market & Competition

The business has established its market niche and successfully differentiated its product and service offerings. Therefore, while a few competitors have attempted to replicate its products, the business model is novel. It offers popular proprietary products exclusively and cultivates the developer channel to market its products rather than focusing on the traditional retail and B2C channels.

Reason for Selling

The owners have achieved their strategic business goals and wish to pursue real estate and commercial investments.