Annual Revenue: $1,406,000
Net Cash Flow: $220,000
Location: Fairfield County, Connecticut
Well-established decking and home improvement company performing high-end interior and exterior renovation work for three (3) decades.
Sales have increased by 10% per year over the last couple of years. The owner only works in accounting and operations. He dedicates between 25-30 hours per week.
The sell-side of the business is done by a commissioned salesperson. A new owner could get involved in sales to increase the revenue and income of the business. The company boasts many outstanding relationships with leading suppliers, residential and some commercial customers. In addition, a steady stream of preferential bidding opportunities is ongoing.
The company has many returning customers and ongoing relationships with local townhouses and condominiums that provide them with stable cash flow while also working on other lucrative projects. Exterior services include mainly deck restoration, pool decks, Gazebos, Sunrooms etc . Interior services include renovation and installation of Kitchens, Bathrooms Basements, additions, and other restoration work.
*Strengths of the company:
- Company name has a strong presence on Google and social sites Including Facebook.
- Many repeat customers and new customers from referrals.
- Company is a Gold Level contractor of Trex, which is one of the industry leaders in composite decking, as well as a Certified Gold Contractor for Timbertech.
- Because of the volume of purchases, they are able to leverage this with several distributors to receive discounts on purchases.
*Advantages / competitive edge: Volume discounts, being in business for 30+ years, having a showroom, and financing through Synchrony Financial.
Potential growth – Very little marketing is currently done, so an increase in marketing with the right strategy should increase sales significantly.
Average projects size: $25,000 in revenue.
Transition: The owner will stay on for a period TBD up to a year.
Financing: SBA approved business – Based on an individual’s credit score with 20% down.