TRAFFIC COATING CONTRACTOR

Internal Id

2021-06-16

Growth & Expansion

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.

Support & Training

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.

Facilities & Assets

Business requires new location. A small commercial unit would be sufficient for operations.

Number Of Employees

12

Market & 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.

Reason for Selling

Owner is relocating.