{"id":1198,"date":"2024-09-04T06:05:00","date_gmt":"2024-09-04T06:05:00","guid":{"rendered":"https:\/\/itqanequity.com\/?p=1198"},"modified":"2024-09-18T13:59:34","modified_gmt":"2024-09-18T13:59:34","slug":"foodservice-distributor-in-the-midwest-with-mbe-designation-3-3-3-2-3-4-2-2-3-2-2","status":"publish","type":"post","link":"https:\/\/itqanequity.com\/index.php\/2024\/09\/04\/foodservice-distributor-in-the-midwest-with-mbe-designation-3-3-3-2-3-4-2-2-3-2-2\/","title":{"rendered":"$2.7M Revenue Home Service Company Specializing in Sunrooms & Patios for Sale in Connecticut"},"content":{"rendered":"\n
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This award-winning home service business excels in the design and construction of sunrooms, outdoor additions, and backyard remodels, holding exclusive rights in its territory for a leading sunroom franchise. With a strategic payment structure, the company has minimal working capital needs and maintains a six-month backlog of projects under contract, positioning it for continued success.<\/p>\n\n\n\n

Founded in response to the growing demand in the sunroom and patio industries, this outdoor specialty contracting business has become a trusted and recognized brand over its three decades of operation. The company offers a comprehensive range of services, including the installation and maintenance of outdoor living structures, decks, fencing, and additions. A full team spanning operations, marketing, and technicians is in place and will remain through the transition, ensuring continuity for the new owner. As the business continues its rapid growth in revenue, it stands as a strong contender in the market.<\/p>\n\n\n\n

The business has shown substantial revenue growth, with a 17% CAGR over the past few years and projected 2024 revenue between $3.8M and $4M, with $2M in sales already booked through June. The revenue mix is diverse, with 39% from sunrooms, 14% from home additions, 12% from screen rooms, and 9% from decks. Tech-enabled operations, including 24-hour live chat and automated appointment scheduling, enhance customer experience, with 85% of appointments booked online. The company\u2019s advanced customer payment structure, with payments collected at various stages of the project, minimizes working capital needs. Additionally, partnerships with customer-financing lenders offer diverse financing solutions, making services more accessible and affordable for clients without increasing accounts receivable.<\/p>\n\n\n\n

The company is well-positioned to expand its service offerings by leveraging its capable sales team to include backyard kitchen renovations, patio services, vinyl siding, roofing, and exterior replacements\/repairs. Product diversification into automated and customizable outdoor solutions, such as motorized awnings or pergolas with rain sensors, can capitalize on growing demand. Geographic expansion into neighboring cities or regions, particularly areas with growing populations or high demand for outdoor living spaces, presents another significant opportunity for growth.<\/p>\n\n\n\n

$1,450,000<\/mark><\/strong><\/p>\n<\/div><\/div>\n\n\n\n

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Gross Revenue<\/strong><\/td>Cash Flow<\/strong><\/td>EBITDA<\/strong><\/td>Inventory<\/strong><\/td>FF&E<\/strong>
included in asking price<\/mark><\/em><\/td>		Real Estate<\/strong>
not included in asking price<\/mark><\/em><\/td><\/tr>
$2,700,000<\/td>$443,000<\/td>$263,000<\/td>Not disclosed<\/td>$26,000<\/td>$575,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the business<\/h2>\n\n\n\n
Location:<\/mark><\/strong><\/td>New London County, CT<\/td><\/tr>
Year Established:<\/mark><\/strong><\/td>1988<\/td><\/tr>
Number of employees:<\/mark><\/strong><\/td>13 (include operators, marketers, and technicians who will stay on after transition.)<\/td><\/tr>
Building Sq. Ft.:<\/mark><\/strong><\/td>5,500<\/td><\/tr>
Facilities:<\/mark><\/strong><\/td>Debt-free assets includes automobiles, furniture, office and specialty production equipment, and other machinery.<\/td><\/tr>
Franchise:<\/mark><\/strong><\/td>This business is an established franchise.<\/td><\/tr>
Growth & Expansion:<\/mark><\/strong><\/td>Expansion to new geographic regions and additional services and product lines for outdoor living, including outdoor kitchens, decking, and patio elements.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the sale<\/h2>\n\n\n\n
Reason for selling:<\/strong><\/mark><\/td>Retirement<\/td><\/tr>
Training \/ Support:<\/mark><\/strong><\/td>The owner\/general manager is willing to stay on for 6 months.<\/td><\/tr>
Seller Financing:<\/strong><\/mark><\/td>Standard SBA-term financing will be negotiable for qualified buyers.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Get in touch!<\/h2>\n\n\n\n
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