Seller's Contact Information
- RE: Profitable Siding & Window Contractor/Distributor
- Contact: Jack R. Greenawalt Jr.
Quick Facts
Asking Price: | $720,000 | |
Annual Revenue: | $1,314,554 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $317,900 | |
Total Debt: | Not Disclosed | |
FF&E: | 174,985 | |
Real Estate: | Not Disclosed | |
Year Established: | 1958 | |
Employees: | 6 | |
BBN Listing #: | 45424955 | |
Broker Reference #: | 2602-16687 |
Business Overview:
This 50 year, third generation profitable home remodeling contractor/distributor has an excellent reputation for serving local clients. The Company sells a wide range of high-end products at competitive prices to contractors and the general public. Approximately, 70% of the business revenue is generated through distribution of product to independent contractors, and about 30% is generated through retail to the general public with 5% of which is install work by The Company. In addition, they also install siding, replacement windows, railing, soffit/gutters, and other products. The Company has an estimator and completes some small maintenance jobs as well. The breadth of work and consistency of quality have been the trademarks of their success.
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Property Features and Assets:
The Company is located on two parcels of land and contains 2 buildings totaling roughly 30,000 Square Feet. There is a small showroom and office space in the first building of about 1,000 Square Feet. In the back of this building, there is a 12,100 Square Feet workshop/storage/warehouse and a 4,872 Square Feet 2-story building that is currently used as storage. In the second building, there are two floors of storage totaling about 7,000 Square Feet. Property is being sold for $680,000 through SVN Latus (Commercial Real Estate Broker) and must be purchased along with the business. Assets = $369,985.
Market Competition and Expansion:
The Company has consistently performed well in comparison to their competitors. Many of the big box stores and other local companies sell and distribute lower quality products. These competitors have sent customers to the Company who are looking for high quality, top of the line products. This kind of performance and reputation have contributed to the Company's financial stability. They are a well-known service provider within the communities they serve. Within the industry, the Company is well positioned to expand its operations to meet the needs of additional clients. It is situated in a county with a growing population, leading to a higher demand for housing. The repair and maintenance needs of apartment owners, landlords, and homeowners in the area provide a steady stream of business. To build upon the legacy of three generations, a new owner could expand The Company by increasing their number of quality installers. This could increase the installation revenue significantly. Developing an Instagram presence, would also increase awareness of The Company and the scope of its work.
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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