Sunrooms, Additions & Patio Enclosures Projects $3.9M! (4014)
| Asking Price: | $1,450,000 |
| Gross Revenue: | $2,700,000 |
| Established Year: | 1988 |
| Cash Flow: | $443,000 |
| Rent: | $5,550/Month |
Unique opportunity to buy an award-winning and highly reputable company with over 35 years of operation. This specialty contractor prides itself in high-quality outdoor living structures. It’s specialization, allows it to streamline operations, and achieve higher margins. The company holds exclusive rights in their territory for a leading sunroom franchise and specializes in decks, sunrooms, patio enclosures, pergolas, additions, and fencing. They cover both new construction and repair. The company has strong brand recognition in their geography and is going through another period of rapid growth in revenue.
Investment Highlights
Sales/Earnings:
2023: $2.7M revenue; $443K SDE
Strong Revenue growth, already booked $2M in sales from to Jun. 2024
Consistent 15%+ SDE margins from 2022 to 2024, 2021* affected by COVID
Customers:
Go-to brand name in their geography
Company collects advanced customer payments of 20% down on signing, 30% at project start, 45% at roof install, 5% upon substantial Payroll of $20K/ week easily covered by these advances.
Team & Assets:
11 employees (excluding the two owners) include operators, marketers, and technicians who will stay on after transition. The owner/general manager is willing to stay on for 6 months.
Debt-free assets includes automobiles, furniture, office and specialty production equipment, and other machinery.
Growth Opportunities:
Expansion to new geographic regions and additional services and product lines for outdoor living, including outdoor kitchens, decking, and patio elements.
