Most Profitable Business in Canada: Canada's Most Profitable Companies in 2024

Saad Benryane

1. Manufacturing And Distribution Of Medical Equipment :

Our first stop on this entrepreneurial expedition brings us to the heart of medical innovation in Quebec, Montreal. The MANUFACTURING AND DISTRIBUTION OF MEDICAL EQUIPMENT is a company specializing in the research and production of cutting-edge medical equipment. With a focus on serving laboratories, research centers, and hospitals, this enterprise stands out for its state-of-the-art factory and commitment to quality. Priced at $45,500,000 with a revenue of $50,600,000 and a notable profit of $5,600,000, this business not only offers financial stability but also the opportunity to contribute to advancements in the healthcare sector. From its primary location in Quebec to a secondary presence in Ontario, this company positions itself at the forefront of professional and technical services, research and development, as well as health and social services. The intresting thing about this venture lies not just in its impressive financials but in the potential to be part of groundbreaking advancements in medical technology. As we navigate through our list, let's dive deeper into each business, unraveling the unique opportunities they present.

  • Location: Quebec, Montreal
  • Secondary Location: Ontario
  • AskingPrice: $45,500,000 CAD
  • Revenue: $50,600,000 CAD
  • Profit: $5,600,000 CAD

>> Make an Offer <<

2. Hydrovac Business With A Proven Track Record For Sale :

This well-established and highly accomplished Hydrovac company presents a remarkable opportunity for acquisition, catering to a diverse spectrum of investors. For established companies seeking expansion and diversification, this venture serves as a strategic gateway. Simultaneously, for newcomers or investors looking to enter the Hydrovac industry, it offers a sturdy foundation and a head start, mitigating risks associated with starting afresh. With cutting-edge equipment, a proficient team, and a loyal customer base, this acquisition has the potential to fortify existing operations or initiate new endeavors in the thriving Hydrovac sector.

  • Asking Price: $9,200,000 (CAD)
  • Sales Revenue: On Request
  • Profit: $500K - $2.5M (CAD)

Key Features:

Industry: Hydrovac

Reputation: Well-established with a proven history of profitability.

Equipment: Advanced and cutting-edge Hydrovac equipment.

Team: Proficient and seasoned professionals.

Customer Base: Resilient customer base with satisfied clients.

Acquisition Opportunity: Remarkable prospect in the Hydrovac industry.

For Established Companies: Strategic gateway for expansion and diversification.

For Newcomers/Investors: Sturdy foundation for entering with reduced risks.

Market Presence: Potential to amplify market presence and profitability.

Streamlined Operations: Inherited operational processes and a proven track record.

Additional Information:

Real Estate: Lease

Years Established: 10

>> Contact Seller <<

3. Wholesale Business in Canada :

This highly successful Canadian Distributor based in Quebec, founded over two decades ago, has not only thrived in the grocery and healthcare product sector but has also become an integral part of the supply chain for Tier 1 retail chain stores. Priced at $23,000,000 (CAD), with sales revenue reaching $18,286,920 (CAD) and a noteworthy cash flow of $3,871,289 (CAD), this business exemplifies success in a competitive market. With a medium-sized building and distribution center available for sale in addition to the business, the potential for expansion and consolidation across Canada is a promising prospect.

  • Location: Quebec, Canada
  • Asking Price: $23,000,000 CAD
  • Sales Revenue: $18,286,920 CAD
  • Profit: $3,871,289 CAD

>> Make an Offer <<

4. Custom Furniture Manufacturer And Distributor For Sale :

Custom Furniture Manufacturer And Distributor For Sale in Ontario, Canada, offers a golden opportunity to acquire a successful Canadian Furniture Design/Manufacturing/Assembly company. Founded in 1995, this family-owned and operated business has thrived by delivering high-quality, custom products with minimal lead times, utilizing a substantial component inventory. Operating under two separate legal entities sharing certain expenses, the business caters to a diverse customer profile, including institutional clients, hotels, restaurants, health care facilities, and more. The business has a significant amount of land and production facilities valued at $40 million, available separately from this listing. The operating companies are valued at $15 million, excluding inventory over $1,000,000 and surplus Net Working Capital. The businesses are being sold on a cash-free/debt-free basis. Products are assembled and customized from components purchased in Europe or produced in the factory. With a history of importing over 4 containers a month from 6 different suppliers, the business uses top-quality materials, state-of-the-art hydraulic presses, proprietary paint and stain processes, and multiple ovens for production. The highly skilled workforce produces high-quality, environmentally friendly, custom furniture, utilizing various fabrics.
In FY2023, the consolidated business is anticipated to exceed pre-pandemic sales volumes, generating over $22 million in revenue and more than $3.275 million in normalized cash flow. Gross Profit Margins continue to increase, and production equipment with a replacement cost of over $2 million is included in the sale. The business operates out of a 120,000 square ft. facility in Ontario, including a 9,000 square foot showroom, situated on 6.8 Acres of prime industrial land. The real estate is listed at $40,000,000 and is available to the purchaser separately from the operating business units. With 35 full-time employees, the business presents excellent growth potential, exploring new markets/clients across North America. Limited competitors exist for the categories of furniture produced, with the business enjoying a reputation for exceeding client expectations in Quality, Delivery, Price, Innovation, and Design. The family has decided to retire from the business, but two members in senior executive leadership roles will remain for over 3 years to operate the business for the purchaser. Trading hours are Monday-Friday, 9 am-5 pm, and support and training will be provided for 5 weeks at no cost. The asking price of $19,000,000 (CAD) includes $1,000,000 (CAD) worth of inventory/stock.

  • Location: Not Disclosed, Ontario, Canada
  • Asking Price: $19,000,000 (CAD) - Inventory/Stock included
  • Sales Revenue: $22,000,000 (CAD)
  • Profit: $3,274,035 (CAD)

>> Contact The Seller <<

5. Niche Industrial Manufacturing Company For Sale :

This UNPRICED OFFERING presents a unique opportunity in the industrial equipment manufacturing sector, positioning itself as a leader in North America. Headquartered in Ontario, Canada, a team of skilled engineers meticulously designs industrial equipment tailored to clients' specifications, subsequently manufactured at the company's state-of-the-art facilities. Operating under a B2B model, the company serves diverse industries, including chemicals, metal, energy, pharma, and others. Boasting a robust financial performance and exhibiting substantial growth opportunities, this industrial equipment manufacturing leader is an attractive prospect for qualified buyers. The comprehensive Confidential Information Memorandum (CIM) will be provided exclusively to qualified buyers who have signed a Non-Disclosure Agreement (NDA) and completed an introductory call. With a solid foundation and a reputation for excellence, the business is strategically positioned for further success.

  • Location: Ontario, Canada
  • Asking Price: On request
  • Sales Revenue: $7,900,000 (CAD)
  • Profit: $3,150,000 (CAD)

>> Contact The Seller <<

6. Successful Trailer Hitch Business In Laval For Sale :

Successful Trailer Hitch Business In Laval For Sale presents a rare opportunity in the heart of Laval, Quebec, with a reduced asking price of $2,450,000 (CAD). Boasting impressive sales revenue ranging from $1,000,000 to $5,000,000 and a robust cash flow of $500,000 to $2,500,000 (CAD), this business has established itself as a highly profitable venture with almost no competition in the market. The business and building are separate entities, offering flexibility for potential buyers. Additionally, the second floor of the building, currently being used for commercial purposes, can be rented for additional income. Situated in a crowded area with a main grocery store and liquor store just across the street, the location ensures visibility and accessibility. With 12,055 square feet of space, this business has tremendous expansion potential, including the possibility of transforming into a franchise business. Operating since 1975, it has a solid reputation and minimal competition in the field of car accessories such as trailer hitches and bike racks. The owner is selling due to retirement, providing an excellent opportunity for a new owner to step into a thriving business. Operating Monday to Friday from 8 am to 5 pm, the business has a dedicated team of 7 employees. With 47 years of establishment, support, and training will be offered to the buyer.

  • Location: Laval, Quebec, Canada
  • Asking Price: $2,450,000 (CAD) - Furniture/Fixtures included
  • Sales Revenue: $1,000,000 - $5,000,000 (CAD)
  • Profit: $500,000 - $2,500,000 (CAD)

>> Make an Offer <<

7. Liquor Store, Motel, Pub, Property In East Kootenays For Sale :

A rare and lucrative opportunity presents itself with this well-established business offering a combination of a profitable liquor store, a fully booked 22-room motel, a thriving pub managed by experienced staff, and a leased-out restaurant generating additional monthly rental income. Located in the rapidly growing and bustling town of East Kootenays, this business comes with both land and buildings, providing a unique and valuable investment opportunity.

  • Asking Price: $4,599,000 CAD
  • Sales Revenue: $1M - $5M CAD
  • Cash Flow: $500K - $2.5M CAD

Property Highlights:

Liquor Store: Featuring a movable license, with the license alone estimated to be valued at $1.35 million CAD based on previous sales.

22-Room Motel: Consistently fully booked, offering a steady income stream.

Pub: Profitable and well-managed by an experienced team.

Restaurant: Leased out, generating additional monthly rental income.

Additional Information:

This opportunity is ideal for those seeking a turnkey business with both land and buildings in a high-demand location.

Valued attractively, with potential for easy bank financing.

Interested parties are required to sign a Non-Disclosure Agreement (NDA) and provide proof of funds for detailed information.

For inquiries and further details, please contact Karim Ali Merali PREC*, a Commercial Real Estate Agent with Nationwide Realty Corp. - Merali Group.

>> Contact Seller <<

8. Niche Commercial General Contractor Business For Sale :

Niche Commercial General Contractor Business For Sale in the Greater Toronto Area, Ontario, Canada, is available at an asking price of $6,500,000 (CAD), which includes furniture/fixtures. The business boasts impressive financials, with sales revenue reaching $13,600,000 (CAD) and a substantial cash flow of $3,300,000 (CAD). Established in 1992, this highly respected enterprise has solidified its reputation over decades, showcasing consistent profitability and a niche focus within the GTA. With robust revenue and a noteworthy cash flow, the business operates with minimal owner involvement, thanks to a skilled team of seven experienced employees. Serving corporate powerhouses and esteemed educational institutions, the client portfolio boasts stability and exclusive multi-year service agreements. The business thrives without marketing, providing substantial growth opportunities for the new owner. Fully accredited, licensed, and retirement-ready, the current owners are willing to facilitate a smooth transition. A lease structure for real estate and owner financing availability make this an ideal prospect for those seeking a lucrative and well-established enterprise in the commercial contracting sector.

  • Location: Greater Toronto Area, Ontario, Canada
  • Asking Price: $6,500,000 (CAD) - Furniture/Fixtures included
  • Sales Revenue: $13,600,000 (CAD)
  • Profit: $3,300,000 (CAD)

>> Contact The Seller <<

9. Branded Gas Station With Leased Burger King For Sale :

Branded Gas Station With Leased Burger King For Sale in Ontario, Canada, presents a lucrative investment opportunity strategically situated on a busy highway close to the Greater Toronto Area (GTA). With an asking price of $8.5 million, this business showcases robust financials, including over $5 million in sales revenue and a flexible cash flow ranging from $500,000 to $2,500,000 (CAD). The gas station features a substantial gas volume of $7 million, generating additional rental income of $90,000. The diversified services include a convenience store, lotto, ATM, and propane offerings, contributing to a gross income of $1,050,000 yearly. The net profit stands at an impressive $660,000 yearly. This opportunity is exclusively available to principals. The property information indicates that real estate is included, making it a comprehensive investment package. With a branded gas station and a leased Burger King, this business is positioned for continued success in a high-traffic location. Interested parties are encouraged to inquire further for detailed financials and additional information.

  • Location: Ontario, Canada
  • Asking Price: $8,500,000 (CAD)
  • Sales Revenue: Over $5,000,000 (CAD)
  • Profit: $500,000 - $2,500,000 (CAD)

>> Contact The Seller <<

10. Outdoor Upholstery Canvas And Accessories Supplier For Sale :

Outdoor Upholstery Canvas And Accessories Supplier For Sale in Ontario, Canada, is presented with an asking price of $2,400,000 (CAD). Since its establishment in 2014, this company has emerged as a major distributor of textiles and upholstery supplies, with a strong emphasis on serving the marine and automotive industries. The diverse product range includes hundreds of colors and variations of fabrics and vinyl, along with tools and products designed to empower customers for DIY projects. The company's reputation for excellence is evident through its impressive 100 Google reviews, achieving a 4.6-star rating and attracting clients from across North America. With a strategic focus on quality, the business is a trusted supplier of renowned brands such as 3M, Sea Mark, YKK, Strataglass, and Sunbrella, among others. The seller is committed to facilitating a smooth transition and is willing to provide training to ensure the continued success of the business. This opportunity presents a solid foundation for prospective owners to capitalize on a reputable online supply and distribution business with a strong customer base. The business's consistent growth and positive customer feedback make it an attractive investment. The listing ID is 3582. Interested parties are encouraged to inquire for additional details on this well-established and thriving enterprise.

  • Location: North of GTA, Ontario, Canada
  • Asking Price: $2,400,000 (CAD)
  • Sales Revenue: $1,000,000 - $5,000,000 (CAD)
  • Profit: $500,000 - $2,500,000 (CAD)

>> Contact The Seller <<


In this comprehensive exploration of ten multi-million dollar revenue Canadian businesses, we've covered opportunities spanning from medical equipment fabrication to modular home building. Each business offers unique strengths and potentials, providing not just financial stability but a chance to be part of innovative and dynamic sectors., as the largest marketplace for businesses in the U.S. and Canada, serves as the gateway to these opportunities.

As we conclude our detailed examination, we encourage aspiring investors to dive deeper into the details of these businesses, seize the chance to contribute to their growth, and embark on a journey towards financial success and industry innovation. The world of entrepreneurship beckons, and the opportunities are boundless for those ready to take the plunge into the realm of business ownership in 2024.

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