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This well established business specializes in the complete restoration and polishing of natural stone flooring. The business has been serving various property management companies since its inception in 2004. It services natural stone, terrazzo and other man-made stones, concrete, ceramic and porcelain tile and rejuvenates grout. The company uses the latest equipment and chemical technologies in its services, ensuring a high quality job. This business staffed with four full time employees including the two owners. Temporary employees are hired if the need arises. The majority of clients are commercial with 10% of sales being residential. The commercial clients bring in more revenue and are more likely to return for further services. The customer base is typically in the Greater Toronto Area. Clients tend to be loyal, some have been with the company since its inception. Business is mainly acquired through referrals or by new contracts with existing clients. There is room to grow its client base by participating in electronic marketing and promotional activities aimed towards the target clientele. The owners are selling the business as they wish to retire. The asking price includes all FF&E and $6,000 in inventory. Asking Price: $250,000
Normalized EBITDA: $83,000
FFE Value (2014 Book Value): $13,000
Inventory (incl.): $6,000