The Company is a retail provider of building materials and products. The company offers a wide range of products to support the needs of home improvement projects, renovations, and new construction. In addition, the company’s trained team of professionals offers creative ideas, recommendations, and guidance on projects while specializing in flooring installation, window & door installation, and general repairs.
Key Aspects
• The Company that 75% of 2023 revenue was derived from repeat customers
• Management notes that 90% of sales are generated from new home construction and remodeling end markets
• The Company generated an average of $12.5 million revenue from 2020 through 2023
• The Company’s adjusted EBITDA averaged $1.5 million over the same period
Opportunities
• Diversify product offerings to include exterior door assemblies, which will compliment the Company’s current interior door assembly
• Expand operations by utilizing 3.5 acres of undeveloped land to develop a truss production facility
• Expand operations geographically to reach new customers and capture unrealized market share
• Establish a formal marketing plan and grow the sales team to increase sales
Headquartered
• Southeast, US
Current Markets
• The Company supports the construction and home improvement end markets throughout the Southeast, US
Real Estate
• The Company operates from four buildings totaling 53,634 sq. ft. located on 7.5 total acres. The main building is 40,500 sq. ft. with a 7,500 sq. ft. showroom. The other buildings are used for storage. There is room for expansion in the current facilities. The property is leased from an affiliated entity and is not expected to be part of the sale. The owner of the facility is open to establishing a long-term lease.
Shareholder Objectives
• The Company is fully owned by a single shareholder. The owner is open to a variety of deal structures and is willing to remain with the Company to ensure a smooth transition of ownership
