This Toronto-based data collection and market research firm was established in 2013. The business has a reputation in the industry for being a one-stop-shop that offers its clients a diverse range of services to meet all of their market research needs. The firm offers both B2B and B2C solutions in a wide range of industries. It has sustained a high growth in revenue since its inception through additional contracts with existing and new clients.
Sources of revenue include focus groups, central location testing, in-person intercepts, telephone interviewing, and online surveys among others. The business also offers a unique product separating itself further from competition. Word-of-mouth referrals contribute significantly to the acquisition of new clients and contracts. The business is also a member of different market research associations and attends their annual conferences.
The market research industry has been growing consistently over the past few decades with a steady demand for market research data. Clients tend to be very loyal with their data collection suppliers. The business’ competitive advantage lies in its diverse range of offerings and its ability to complete projects all over the world.
This is an ideal opportunity for another data collection company looking to expand its client list and range of offerings. Individuals who have a good understanding of business and recognize the importance and value of consumer insight in today’s world may also be interested in such an opportunity.
The owners are selling the business as they wish to pursue different ventures however, they are available for an extended handover.
Asking Price: $2,250,000
Revenue (2015*): $3,079,000
Seller’s Discretionary Earnings (2015*): $1,016,000
Furniture, Fixtures & Equipment: $98,000
Year established: 2013
Employees: 10 F/T + 150 P/T
Size of Premises: 2,700 sq. ft.
* based on a projected estimate
For more information please contact:
M. Will Fischtein, JD, MBA, CBI
Beacon Corporation, Brokerage
416-228-1200 ext. 330