Fast Growth, High Profits Ratio, Awning, Sunroom Installs! (17758)
RetailFor Sale in DE
Financial & Assets Details
About the Business
Situated in a flourishing retirement community and beach resort within the mid-Atlantic, this established, rapidly growing company provides the retail, wholesale and installation of sunrooms and retractable shade products to homeowners, restaurants, builders and remodelers. This booming business has a pipeline of 10 months of projects lined up. Among their wide range of unique products, the business offers custom modular glass wall systems for porches, 4-track vinyl glazed windows, sunrooms, aluminum decks, motorized awnings, canopies and solar shades for residential and commercial clientele. Number 1 seller in the local market and lots of untapped territory, grosses 50% ahead of last year’s and projecting over $6 Million in 2021. Revenues for 2020 reached $4.5 million alongside an adjusted EBITDA of $764,869 and total Discretionary Earnings of $810,391, based on an independent evaluation! With a large and recurring customer base backing their many referral sources, sales methods and strategies, the beautiful showroom, and potential to further extend product lines represent ideal growth opportunities. Skilled personnel of 23 employees with a reliable management team in place agree to remain post-purchase. Streamlined operations will ensure a smooth owner transition. The prime retail location of over 7,000 sf features up to 5000 sf of production, warehouse and storage space, as well as both showroom and administration offices of 1,000 sf each. Surrounded by a parking lot and great visibility, property holds a monthly tenancy of $7,000 and comes commercially zoned to handle extra capacity for any needed future expansions. Besides maintaining a website with high organic response and social media presence, optimized marketing efforts utilize television, direct mail coupons sent to over 80,000 homeowners monthly, and event trade shows. Repeat and referral business from existing customers rounds out the marketing efforts for the field sales force.
Negotiable up to 20% for the right buyer.
Support & Training
Smooth Owner Transition period.
Reason for Selling:
Approaching retirement and/or pursuing other interests.