Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Dfw Gutter Manufacturing And Installation 19809 For Sale

Dallas, Texas
Asking Price:
$300,000 Furniture / Fixtures included
Sales Revenue:
$701,598
Cash Flow:
$257,462

Many Scalable, Growth Opportunities - EXCELLENT Books & Records

Company is a 30+ year old well-established fabricator and installer of seamless gutters serving residential customers, builders and roofers, primarily in Dallas and surrounding areas. 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 plus highly profitable half-round 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 and performs repairs and maintenance of existing gutter systems. The company is a profitable business with strong growth potential. Current backlog is approximately 1-2 weeks. The seller states that the business has excellent matching books & records and that the seller can prove all sales, expenses and income.
The owner works approximately 20-30 hours per week and feels that a major advantage over competitors is the seniority of the employees. The 2 lead employees average approximately 16+ years seniority. The 2 crews, are professional and are a major asset to the company. Customers are happy with the service and committed to using the company. The owner can be replaced by a hard-working owner who is dedicated to the company.
The company does no outside advertising other than signage on their trucks/trailers and the company website. The company receives repeat business and referrals from an estimated 50+ contractors and 15,000+ estimated installed base of customers. The owner feels that the business could grow faster by adding a salesperson calling on builders and contractors. Warranty service calls are rare due to their industry-superior installation methods and, in fact, the company has had many repeat and referral customers for 25+ years.
The owner estimates that seamless gutters are 95% of sales and leaf guards 5%. The average job takes approximately 3-5 hours to install and is approximately $950-1,000 +/-. The owner estimates that, historically, the customer base is 20-30% roofers, 15-30% home builders/remodelers and 40-65% retail residential. For instance, roofers will generate more jobs during hailstorm years. The number of customers varies per year and was ~351 in 2016 with approximately 700 jobs. The customer base is diversified with the largest customer (roofer) estimated at 10% of total sales (varies by year) and the top 10 customers typically generating approximately 30% of total sales. The seller estimates that jobs are ROUGHLY located ~95% Dallas County and ~5% all other counties.
2017 Sales were $701,598 with approximate cash flow to owner of $257,462. Sales through March 2018 are $95,772 versus $176,957 for the first three months of 2017. The balance of the year is expected to be comparable to the prior 3 years.
The asking price for the assets of the business is $300,000 ALL-CASH (with up to 10% Seller Financing if required by Bank lender) or $450,000 with $150,000 down at closing and $300,000 seller financing (5 years at 8% interest with approximate monthly payments of $6,082.92 to a purchaser qualified/approved by the seller). All financing is to be personally guaranteed. Seller prefers to sell for ALL-CASH. The assets include inventory at cost of $10,000, Accounts Receivables valued at $10,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $60,000. The price will be adjusted for actual inventory, work in process (WIP) and accounts receivables as of the sale date.
KEYWORDS: downspout gutter seamless Guttergard electric trade plumbing heat AC conditioning welding special roof concrete water sewer drain excavation security steel wrecking demolition glass glazing tile floor carpentry gutter roofing paint swimming pool brick masonry sell my gutter business for sale

Property information

Real Estate:

Lease

Lease Terms:

The business occupies approximately 3,545+/- SF building with excess space. The layout consists of parking, storage, warehouse, restroom, office, kitchen, fenced exterior storage area and unfenced areas. The landlord will lease the building for ~$1,700/mo plus tenant pays building property tax (approximately $210/month) and building insurance (approximately $100/month). 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:

1700/mo ++ per annum

Premises Details:

The business occupies approximately 3,545+/- SF building with excess space. The layout consists of parking, storage, warehouse, restroom, office, kitchen, fenced exterior storage area and unfenced areas. The landlord will lease the building for ~$1,700/mo plus tenant pays building property tax (approximately $210/month) and building insurance (approximately $100/month). 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.

Business Operation

Expansion Potential:

The seller has used quality and reliable installation, great customer service, word of mouth and repeat/referral customers to build the business. The company does no outside advertising other than signage on their trucks/trailers and website. The company receives repeat business and referrals from an estimated 50+ contractors and 10,000+ estimated installed base of customers. Currently, the company receives regular requests for estimates outside of Dallas, but they generally decline to provide estimates in these areas. The owner feels that the business could grow faster by adding a salesperson calling on builders and contractors. The owner does NOT do estimates. A valued and skilled senior employee handles estimates. A new, energetic owner can further increase sales & profits in many ways: 1) Add a sales person to call on roofers, builders and renovation contractors. Seller feels that many more can be acquired if pursued by an aggressive owner, 2) Use lawn signs on installations for drive-by traffic and neighbor referrals, 3) Consider adding a new crew to prepare for continued growth, 4) Improve the business website (owner is not a techie), 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, …

Competition / Market:

The business attracts customers from the Dallas Fort Worth Metroplex and surrounding areas (but focuses on Dallas). The owner feels that the industry is very 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:
4-6
Years established:
1990

Other Information

Support & training:

Seller will train buyer for 4 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreed compensation for a finite period.

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

Price $300,000 ALL-CASH or $450K with $150k down and $300k Seller-financing

Furniture / Fixtures value:
$60,000 - included in the asking price
Inventory / Stock value:
$10,000
Related Documents:

Contact Information

  1. Optional
  2. Country

  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Adam Noble Group. For more information about how we use your data, read our privacy policy.

Selling a business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here