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Gutter Manufacturer With Installer In Fort Worth For Sale

Fort Worth, Texas
Asking Price:
$1,250,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,621,119 (USD)
Cash Flow:
$473,272 (USD)

Company is a 13 year old well-established installer of custom seamless gutters serving the roofing, retail market, new construction, remodeling and storm damage areas primarily in the Dallas Fort Worth Metroplex and all surrounding counties. Rain gutters and downspouts protect buildings, foundations and landscaping from water damage. Seamless aluminum gutters make up the vast majority of the market. The company primarily installs 5” and 6” aluminum K-style gutters. (5” K-style gutters are the typical standard gutter found on a home; 6” are usually installed on larger roofs.) The company also installs leaf guards as well as half round gutters and rounded down spouts. Services include repair and maintenance of existing gutter systems, too. The company is highly profitable business with strong growth potential. 2019 year-to-date sales are 12% ahead of 2018 !!
The founder started the business in 2006 as a home-based business. As the business grew, the owner expanded into a 1,600 shop/office and ultimately into the current 4,000 SF facility. The owner feels that a major advantage over competitors is the seniority of workers. The workers are highly skilled/experienced and average approximately 6 years seniority. The 4 crews are professional and a major asset to the company. The customers are happy with the service and committed to using the company. The owner feels that a hard-working owner, dedicated to the company, can easily replace the current owner.
Their primary marketing strategy is through word of mouth advertising from satisfied customers and signage on trucks/trailers. The company does no outside advertising (other than vehicle signage). The company receives referrals from an estimated 150+ contractors. Several sales service techs follow up on the leads generated through word of mouth referrals. The owner feels that the business could grow faster by adding a salesperson calling on builders and contractors. Another opportunity for sales growth is to enhance the company’s internet presence with a more effective website and search engine optimization.
The owner estimates that sales are approximately ~80% seamless gutters, ~10% leaf guards, ~8% gutter service/repairs and 2% specialty half round gutters. The average job takes approximately 2 hours to install. The owner estimates that the customer base is 50-60% roofers, 20-30% retail residential, 10% home builders/remodelers. The customer base is diversified with the largest customer (roofer) estimated at 22% of total sales and the top 10 customers generating approximately 57% of total sales.
The owner states that the company is well positioned to grow and prosper due to many favorable conditions including a highly skilled and long tenured work force, a stable history and favorable reputation, excellent referral sources from area contractors, tremendous growth in the construction industry and repeat business from an existing customer base of approximately 20,000+ homeowners.
Purchase Price: The asking price for the assets of the business is $1,250,000 ALL Cash or $1,500,000 with $750,000 down and $750,000 seller financing for 5 years at 8% interest with approximate monthly payments of $15,207 to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed. The seller Prefers to sell for All Cash. The assets include inventory at cost of $10,000, Accounts Receivables valued at $100,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $125,000. The price will be adjusted for actual inventory, work in process (WIP) and accounts receivables as of the sale date.
Note: The sale of a business is confidential and discreet; Please do not visit the business or speak with any employees.
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Property Information

Real Estate:

Lease

Lease Terms:

The business occupies approximately 4,000+/- SF consisting of 3,000 SF of office/warehouse space plus 1,000 SF of living space (as an apartment), which was constructed specifically for the business. The building sits on 3 acres with plenty of room for equipment and future expansion. The landlord will lease the land/building for ~$2,500/mo (plus NNN of approximately $400/mo). Approximately 100% of the space is utilized. The current lease expires (March 31, 2027). The landlord will offer a long-term lease of 5 years with a 5-year renewal option, to a tenant qualified and approved by the landlord.

Leasehold Rent:

2500 +NNN per annum

Premises Details:

The business occupies approximately 4,000+/- SF consisting of 3,000 SF of office/warehouse space plus 1,000 SF of living space (as an apartment), which was constructed specifically for the business. The building sits on 3 acres with plenty of room for equipment and future expansion.

Business Operation

Expansion Potential:

The seller has used the great customer service, truck and trailer signage and word of mouth referrals to build the business. A new, energetic owner can further increase sales & profits in many ways: 1) Add new salesperson to call on roofers, builders and renovation contractors, 2) Continue Marketing to builders and roofers. Seller feels that many more can be acquired if pursued by an aggressive owner, 3) Consider adding new crews for continued growth, 4) Improve website – eg add mobile responsiveness and SEO features, increase testimonial content, 5) Use technology to simplify estimating, scheduling process, 6) Consider adding complementary products such as windows, window screens, solar screens, shutters, vinyl siding, soffit, garage door repairs, Christmas light installation, …, 7) Consider adding a general manager or assistant manager to facilitate growth and business improvement

Competition / Market:

The business attracts customers from the Dallas Fort Worth Metroplex and surrounding areas (but focuses on Fort Worth and surrounding area). The owner feels that the industry is somewhat competitive. Most companies have 1 to 2 crews (2 to 6 employees). Despite the presence of competitors, the business has continued to thrive and can further grow with marketing and adding installation crews.

Reasons for selling:

Retirement

Employees:
16
Years established:
13

Other Information

Support & training:

Seller will train buyer for 2 weeks included with the purchase price. Seller is willing to provide additional training or support at mutually agreed compensation for up to 3 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Price $1,250,000 All Cash or $1,500,000 with $750k down & $750k Seller Financing

Furniture / Fixtures value:
$125,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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