Outdoor Specialty Contractor In Connecticut (4010) For Sale

Highly reputed company with over 35 years of experience that prides itself in high-quality outdoor living structures, serving the Eastern Connecticut and Rhode Island area. The company specializes in decks, sunrooms, patio enclosures, pergolas, additions, and fencing covering both new construction and repair. The company has strong brand recognition with a reputation for quality and is going through another period of rapid growth in revenue.
*2023: $2.7mn revenue; $443k SDE. YoY sales growth of 11%
*2024 anticipated revenue of $3.8-4mn; already booked $2mn in sales through June; expected YoY sales growth of 45%
*Improved operating efficiency, reducing operating expenses as a percentage of revenue from 33% to 27% from 2021 to 2023
*Attractive customer payment terms: collect as you build
> 20% down on signing, 30% at project start, 45% at roof install, 5% upon substantial completion
*Diversified offerings as a specialty contractor: Sunrooms comprise 39% of revenue; home additions 14%; screen rooms 12%; and deck projects 9%
*Recently has expanded the sales & production teams + increased marketing spending from 3% of revenue to 6%
*Has exclusive franchise rights for leading franchise in sunrooms within their territory, in addition to access to specialized training and resources and custom build/design
*Tech-enabled operations, with streamlined design SaaS and 24-hr live chat and automated appointment scheduling
*Opportunities for growth include expansion to new geographic regions and additional services and product lines for outdoor living, including outdoor kitchens, decking, and patio elements