Windows, Outdr Kitchens/Fireplaces, & Weatherproof'g/Gutter Sys Instal

FL

Windows, Outdr Kitchens/Fireplaces, & Weatherproof'g/Gutter Sys Instal

Asking Price:N/A

Cash Flow:$872,000

Gross Revenue:$8,000,000

EBITDA:$774,000

FF&E:N/A

Inventory:N/A

Established:2008

Windows, Outdr Kitchens/Fireplaces, & Weatherproof'g/Gutter Sys Instal

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Business Description

Founded in 2007, the Company sells and installs windows, indoor and outdoor fireplaces, fire pits, outdoor kitchens, grills, weatherproofing, screen enclosures, gas piping, and seamless gutters for new and renovated residences, offering the top brands. The Company has been providing superior products coupled with very high quality installation services.

They focus on residential homes, and during 2015, approximately 91.3% of annual revenue came from new homes, with 8.7% being generated from retrofitted homes. The Company works primarily with approximately 175 residential home builders in their area. Retrofit projects have increased, as a percentage of total annual revenue, due to the new showroom opening in 2014.

The Company is focusing on retrofit projects because this area offers high margin growth potential. They are committed to a second showroom in an upgraded area that is rated nationally in top 10 in growth. We are targeting this location for another showroom for new home contractors to send their customers in, but more so for retrofitted installs.

• Strong Historical Sales Growth: Historical sales grew from $4,767,000 in 2013 to $7,435,000 in 2015, representing an average annual growth rate of 24.9%.

• Rising Gross Profit Trend: The Company’s product sales mix has shifted from primarily windows in 2013 towards more fireplaces, outdoor kitchens, and house weatherproofing projects in 2015, which generate higher gross profit margins. The overall gross profit margin was 24.1% in 2013, and grew substantially to 29.9% in 2015.

• Strong Customer Relationships: The Company has strong ties to clients due to its reputation for timely completion, adherence to budgets, and excellent customer service. This commitment is represented in the strong 90+ percent rate of repeat business.

Detailed Information

Employees:
34 FTE; 1 PTE

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Mark Breheny

Business Listed By:
Mark Breheny

Generational Equity, LLC

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Sponsoring Broker:
Don Sawyer

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