Fast Growing Denver Window Coverings & Blinds Design, Sales & Installation Company

Financial & Assets Details

About the Business

Business Description

Window Coverings and Blinds Design, Sales, & Installation Co

The 2022 revenues were 1.05M with earnings of 383K. That is a 36% profit margin which is very high compared to similar businesses. They bought the business in 2020 and it took them most of 2021 to figure it out. 2022 is their first “normal” year and further proof of this is that January of 2023 was 13% higher than January of 2022 indicating that they are now able to focus on growth and not on how to run the business anymore.

The sales price is 840K which makes the sales price 2.2 times the adjusted earnings which is low for a very fast-growing company that has a 36% profit margin. The business grew 45% in revenues in 2022 compared to 2021 and over 100% in earnings. One of the reasons is that they are a 5-star rated company on all review sites and have 116 Google reviews which are very valuable for marketing and social media.


One of the owners has a separate marketing company and only works 3 hours a week on this business. The 2nd owner has worked 40 hours a week and wants to reduce that to 20 hours a week post-closing. The 3rd owner is the key employee who works full-time and wants to stay full-time post-closing. The three owners will not only train the new owner but will stay post-closing for as long as the new owner wants them. They have several fantastic independent contractors to pick from who will be available for the new owner post-closing also.

The new owner doesn’t need any drapery, design, or construction experience but should be able to either manage the business and/or help with sales. They work with various blinds/shades vendors, with established discounts on top of regular wholesale prices, and also create custom drapes and shades. There are no required licenses or certifications for the State of Colorado other than a sales tax license.


The buyer will get approximately 60K in current value assets made up of sewing machines, roller shade machines, a 2006 van, and various office equipment and furniture. The inventory varies but averages approximately 30K.

The business is growing very quickly already but there are ways to increase the growth and profits. Attending tradeshows, hiring another salesperson or doing some sales as the new owner, doing more commercial jobs, and increasing advertising, (they only spend about 1,000 dollars a month on marketing). The new owner can increase their social media presence by taking advantage of their 5-star review rating across all the important review sites and see tremendous growth by increasing the marketing budget.

The seller is asking for 840K plus inventory. They will be keeping their cash and accounts receivables and will pay off all debt including the accounts payables so that the business transfers debt free. The company is an S-Corp so this can be either a stock or an asset sale. This business should qualify for a standard SBA loan.

Details

Their work comes from 70% residential customers and only 30% commercial. The seller is very proud of the quality of products, the workmanship that they provide, and their customer service.

The owners will sign a non-compete. All 3 of the owners will help to transition the business. The business will not change after the closing.

They offer some of the best products in the industry and most have limited lifetime warranties by the manufacturer. The vendors will offer a line of credit which will increase over time as they get more comfortable with the new owner. Several of them offer a discount for ACH payments as well.

They only sell custom-made-to-measure products, so they don’t keep much inventory in stock. They are leasing 1,200 square feet with parking in Denver county. The space has 2 offices, a large warehouse/work area with all the machines, shelving for inventory, and a front showroom. Their lease is 2,990 a month.

They have a great reputation for safety, quality, and reliability. They have a great record for safety. They have had no regulatory issues, no lawsuits, and no issues with the city, county, or municipality that they are in. They are A+ rated with the Better Business Bureau and have a 5-star reputation.

Plus, Colorado is one of the best States in the country to own a business because of its consistent growth, above-average income, and a strong economy.

Growth & Expansion

The business is growing very quickly already but there are ways to increase the growth and profits. Attending tradeshows, hiring another salesperson or doing some sales as the new owner, doing more commercial jobs, and increasing advertising, (they only spend about 1,000 dollars a month on marketing). The new owner can increase their social media presence by taking advantage of their 5-star review rating across all the important review sites and see tremendous growth by increasing the marketing budget.

Market Competition:

Their work comes from 70% residential customers and only 30% commercial. The seller is very proud of the quality of products, the workmanship that they provide, and their customer service.

Location Details:

They only sell custom-made-to-measure products, so they don’t keep much inventory in stock. They are leasing 1,200 square feet with parking in Denver county. The space has 2 offices, a large warehouse/work area with all the machines, shelving for inventory, and a front showroom. Their lease is 2,990 a month.

Support & Training

Two of the three owners are also employees and would like to stay post closing.

Reason for Selling:

One of the three owners is expecting their first child