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This residential remodeling company has been in business for 38 years and services the upper-class professional areas in the Medical Center, West University, and Bellaire areas of Houston. The company regularly has a backlog of work with clients that are willing to wait. The company does no advertising and has no website – 100% of the jobs come from word-of-mouth and has had steady growth year-over-year. Their strength comes from a superior workforce and a solid / loyal client base. Building a website and online presence, introducing marketing, social media, & advertising would be beneficial for a new owner to experience even higher growth. Top remodeling services are Kitchen & Bathroom Renovation, Siding / Stucco, Roof, Fencing / Landscape, Repair Work & Painting. The owner works 35-40 hours/week estimating jobs, managing job sites, invoicing, and paying bills. The Clients hire their own architects / designers and the owner bids off of their plans. A jobsite manager and a secretary could replace the owner. Margins have some room for upward movement to achieve revenue growth. Hire more people to manage jobsites to reduce backlog and achieve quicker growth.
Seller's Discretionary Earnings: $167,751 Proforma
Garages w/Apartments are regularly requested. Hire more jobsite managers. Expand to other neighborhoods in the area, build online presence, advertise, margins have some room for upward movement to achieve growth.
Pursuing a career in education
5 days, 7:45am - 3:30 or 4:30pm (sometimes Sat.)
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