Leading Provider of Lath & Stucco Services Company
Business Description
BUSINESS HIGHLIGHTS
The Company is a leading provider of lath and stucco services for residential construction projects. The Company specializes in exterior finishing for new home developments, custom homes, remodels, and repairs, serving homebuilders throughout the region. The Company’s reputation for quality workmanship and reliability has enabled it to generate a high percentage of repeat business. While the Company has focused primarily on residential construction in recent years, management identifies commercial jobs as a strategic area for renewed growth. With additional manpower, the Company could re-enter the commercial market, leveraging its expertise in lath and stucco to serve a broader range of clients.
INVESTMENT APPEAL
• Superior Name and Reputation: The Company enjoys a long-standing reputation for delivering high quality lath and stucco services and reliable customer support. The Company is well known for its commitment to superior workmanship, consistent project delivery, and strong relationships with major
homebuilders and general contractors in its local market.
• Strong Historical Sales Growth: Historical sales have grown from $1.1 million in 2022 to $3.7 million in 2024, representing a compound annual growth rate of 85.0%. Sales have grown consistently year over year in the historical period.
• Decreasing Operating Expenses: Operating expenses have been trending lower, decreasing as a percent of sales from 73.9% in 2022 to 56.3% in 2024. Effective management of operating expenses led to greater profitability over the historical period.
• Strong Net Working Capital: Ending December 31, 2024, the Company’s unadjusted current assets were
approximately $454,000 and current liabilities were $21,000, resulting in a Net Working Capital (NWC) of
$433,000. A strong NWC provides a pool of resources from which the Company can draw for continued
growth and a strong buffer to maintain operations in the event of various systematic and unsystematic
risks.
The Company is a leading provider of lath and stucco services for residential construction projects. The Company specializes in exterior finishing for new home developments, custom homes, remodels, and repairs, serving homebuilders throughout the region. The Company’s reputation for quality workmanship and reliability has enabled it to generate a high percentage of repeat business. While the Company has focused primarily on residential construction in recent years, management identifies commercial jobs as a strategic area for renewed growth. With additional manpower, the Company could re-enter the commercial market, leveraging its expertise in lath and stucco to serve a broader range of clients.
INVESTMENT APPEAL
• Superior Name and Reputation: The Company enjoys a long-standing reputation for delivering high quality lath and stucco services and reliable customer support. The Company is well known for its commitment to superior workmanship, consistent project delivery, and strong relationships with major
homebuilders and general contractors in its local market.
• Strong Historical Sales Growth: Historical sales have grown from $1.1 million in 2022 to $3.7 million in 2024, representing a compound annual growth rate of 85.0%. Sales have grown consistently year over year in the historical period.
• Decreasing Operating Expenses: Operating expenses have been trending lower, decreasing as a percent of sales from 73.9% in 2022 to 56.3% in 2024. Effective management of operating expenses led to greater profitability over the historical period.
• Strong Net Working Capital: Ending December 31, 2024, the Company’s unadjusted current assets were
approximately $454,000 and current liabilities were $21,000, resulting in a Net Working Capital (NWC) of
$433,000. A strong NWC provides a pool of resources from which the Company can draw for continued
growth and a strong buffer to maintain operations in the event of various systematic and unsystematic
risks.
Listing Info
- ID
- 2449255
- Listing Views
- 13
Attached DocumentsAttachment Disclaimer
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