Denver Door & Window, Millwork & Hardware Co, Well Established

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Very Experienced & Loyal Employees, 30% Comm & 70% Residential
Asking Price:
$1,175,000

Gross Revenue:
$8,194,529
Cash Flow:
$514,247
EBITDA:
$514,247
Inventory:
$90,000
included in asking price

FF&E:
$135,000
included in asking price

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Business Description

This is a 21 year old company that sells windows, pre-hung doors, millwork, and hardware. They have a door and window assembly shop. The sales team is a very experienced group helps with planning and design from blueprint to the order process. The customer base is 30% light commercial and 70% custom residential remodeling and building.

The earnings for 2018 were 514,247 on revenues of 8,194,529. In 2017, the earnings were 410,430 from revenues of 7,605,828. 2016 showed earnings of 464,669 from revenues of 8,872,224. The revenues and bottom line have been very consistent with the earnings averaging 470K over the last 3 years. This company is being offered at 2.28 times their 2018 earnings which includes all assets except inventory not needed for current jobs.

The company’s revenues come from long term customers that pay in a timely manner. They have approximately 80% in recurring revenue from long term customers. They also have a full pipeline of signed work. You must see the video interview in the data room above to fully understand how good this opportunity is.

The sales price is 1,175,000 plus a negotiated value for their inventory which is currently estimated to be around 90K. The sales price includes their FF & E including a lot of equipment.

The two active owners will assist with the transition and training.

Location: Denver, CO

Brief Overview and Selling Points:

The company sells windows and doors that are customized to their customer’s needs. Their major suppliers are major manufactures with national name recognition. They have a custom mill shop and pre hang interior and exterior doors. They also mill and do value added work on windows. They also sell a large variety of trim and millwork products needed for both new and remodel construction. They deliver to job sites as requested. Their customers are contractors, developers, and retailers.

The company is currently owned by two owners whom are active in the day-to-day management and operation of the company. There are currently eighteen excellent and reliable employees. Many of them have been with the company for longer than 5 years. All of the employees are very skilled in their respective positions. They have commission based sales people. The 2 working partners are retiring and will help in transition.

The company is an “S Corp” with a great reputation with excellent customer service. They have a stellar worker’s safety history and has never had a legal issue. The company enjoys an extremely low workman’s comp rate due to only one small claim over the last five years.

Marketing/Growth: The buyer could increase revenues by hiring additional salesmen, implementing an advertising and marketing program, and by getting more involved in social media. Plus, the Sellers will not only help with the transition of employee, vendor, and customer relationships but also has a wealth of knowledge and many ideas of how to further grow the business. In short, they are committed to help the new owner take the business to the next level.

The company is centrally located and close to several major roads. They have a lease in a large commercial building with plenty of parking. It has a large loading dock, upgraded electrical and offices with room for growth.

Financial Information:

Asking: $1,175,000 sales price. They will keep their cash and AR/AP. The business will transfer debt free.

If you are NOT interested in this business for sale, but you refer someone to us who buys it, we will immediately pay you a referral fee of $2,000. Please send us anyone who you think would be interested in this offering.

Sincerely,

Jeff Chapman Eisnaugle
Direct 303-905-7607
Office 303-284-7025
Fax 720-524-6482
jce@companybroker.com

This is prepared by Company Broke

About the Business

Location:
Denver, Colorado
Year Established:
1998
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
17,000
Rent:
$9,262.00 Per Month
Facilities:
The company is centrally located and close to several major roads. They have a lease in a large commercial building with plenty of parking. It has a large loading dock, upgraded electrical and offices with room for growth.
Market Outlook/
Competition:
The company sells windows and doors that sometimes are customized for their customers. Their major suppliers are from major dealers that are sometimes customized for their customers. Their products are supplied and warrantied by leading manufactures like Windsor, Marvin Windows, Amsco Windows, and Therma-Tru Doors to name a few. They also sell a multitude of pre-hung doors and any products that are needed for doors and frames. The company sells to both Contractors and retail trade
Growth & Expansion:
Marketing/Growth: The buyer could increase revenues by hiring additional salesmen, implementing an advertising and marketing program, and by getting more involved in social media. Plus, the Sellers will not only help with the transition of employee, vendor, and customer relationships but also has a wealth of knowledge and many ideas of how to further grow the business. In short, they are committed to help the new owner take the business to the next level
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About the Sale

Reason For Selling:
Retiring
Training/Support:
The two active owners will assist with the transition and training.
Seller Financing:
10%

Listing Info

ID:
1640702
Ad Detail Views:
0

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Jeff Chapman Eisnaugle

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