Founded over 25 years ago in the Greater Toronto Area (GTA), this residential framing company specializes in low and mid-rise residential projects. As one of the largest framing companies in Ontario, they are well-known among developers and have a stellar industry reputation. Building over 1,000 homes annually, they undertake entire developments for residential real estate developers in the GTA, with projects typically ranging from 50 to 200-300 homes. The company focuses on constructing the wooden frames for houses, while developers supply the lumber and backfill the foundation.

The co-founders are planning to retire but are willing to remain with the company for 1-2 years post-sale to ensure a smooth transition. There is a team of experienced employees, some of whom have been with the company for 15-20 years and could step into a General Manager role.

The company works on 8-12 large projects annually, serving some of the largest developers in Ontario, including Opus Homes, Rosehaven Homes, and Mattamy Homes.

95% of the revenue is coming from new construction work, while only 5% from remodels and retrofits. 98% of the revenue is coming from residential low-rise and mid-rise projects.

With a narrow service offering, the company operates efficiently with a lean team. They achieved over $32M in revenue with a small team of co-founders, one general estimator, six full-time foremen, office staff, and 45-60 field workers. The long-term employees have extensive experience working together on numerous projects. The use of unionized crews sets the company apart, allowing them to work on projects requiring unionized field workers.

Strategically located in one of the fastest growing cities in North America, combined with a significant housing shortage, presents an incredible opportunity for continued growth. There is potential to increase revenue through hiring additional sales and supervisory staff as currently only the co-founders are acting as sales people, but they’re also wearing several other hats at the same time, with no major focus on sales. The company could also benefit from geographic expansion within Canada and into the United States.

This residential framing company offers a solid foundation for continued success and growth. With a strong reputation, experienced team, and strategic location, it is well-positioned for future expansion and increased revenue under new ownership.