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Fort Worth Gutter Manufacturer for Sale

Asking Price:  $425,000

Sales:          $  790,000

FF&E:          $   80,000

Inventory: $   19,000

AR:               $   50,000

Cash Flow to Owner: $160,000

adamnobleBusiness Description: Company is a 27+ year old well-established installer of seamless gutters serving the B2B roofing, new construction, remodeling, retail market, and storm damage areas primarily in the Dallas Fort Worth Metroplex and surrounding counties. 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. (5” K-style gutters are the typical standard gutter found on a home; 6” gutters are usually installed on larger roofs.) The company also installs leaf guards as well as 6” half round gutters and rounded down spouts. Services include repair and maintenance of existing gutter systems. The company is a profitable business with strong growth potential.
The company’s mission is to win customers and exceed expectations through a family business atmosphere and work ethic combined with the use of the highest quality products. Integrity has always been the backbone of the team.
The founder started the business in 1997 with a small shop and a home office. As the business grew, they expanded into ~2,000 SF metal shop and improved the business systems and processes. During the day only about ~50% of the available space is utilized, leaving significant room for growth & additional inventory. At night, the trucks and trailers are securely parked in the building.
The owner feels that a major advantage over their competitors is the seniority of the employees. The workers are highly skilled/experienced and average approximately 8 years seniority. The crew is professional and a major asset to the company. The customers are happy with the service and committed to using the company. The owner feels that they can be replaced by a hard-working owner who is dedicated to the company.
Their primary marketing strategy is through word of mouth advertising from satisfied customers and signage on trucks/trailers. The company does no outside advertising (other than vehicle signage). The company receives referrals from an estimated 50+ contractors. The owner follows up on the leads generated through word of mouth referrals. The owner feels that the business could grow faster by adding a salesperson calling on builders and contractors. Another opportunity for sales growth is to enhance the company’s internet presence by building a website and search engine optimization. There is an INCREDIBLE room for growth by scaling the business across DFW, Texas and to major cities in Texas.
The customer base is diversified with the largest customer (builder) estimated at ~18% of total sales (long repeat customer) and the top 10 customers generating approximately ~61% of total sales. Retail customers are ~14% of total sales. The seller estimates that jobs are ROUGHLY Tarrant, Denton, Wise, Palo Pinto, and Parker Counties at ~80% and Cooke, Hood, Johnson, Ellis and Dallas Counties ~20%.

How do I value my Gutter Business for Sale?

The owner states that the company is well positioned to grow and prosper due to many favorable conditions including a highly skilled and long tenured work force, a stable history and excellent reputation, strong referral sources from area contractors, tremendous growth in the construction industry, and repeat business from a large installed customer base of homeowners.
Homeowners receive two warranties: A Limited lifetime manufacturer warranty and a 5-year labor guarantee. Builders & Contractors generally offer their clients a 1 year warranty on products and labor. Parts warranty replacement is very rare and happens on less than 1% of all installations. Any labor based warranty adjustments are usually made within the first couple of rains following the installation. The business will be delivered free and clear of all other liabilities.
The owner represents that the business has excellent matching books & records and can prove all sales & expenses.

Fort Worth Gutter Manufacturer for Sale

adamnoble

Facilities: The business operates from a conveniently located leased warehouse totaling approximately ~2,000+/- SF. The monthly lease has been renewed for many years. The seller believes that the landlord is willing to provide a long term lease to a qualified buyer. The warehouse is leased for $900/month with a $200 security deposit. There is plenty of extra storage in the warehouse for parts and supplies.

Competition: The owner feels that the industry is competitive. Most companies are small with 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.

Growth & Expansion: The seller has used great customer service, vehicle signage, and word of mouth referrals to build the business. A new, energetic owner can further increase sales & profits in many ways: 1) Add new salesperson to call on roofers, builders and renovation contractors, 2) Continue Marketing to builders and roofers. Seller feels that many more can be acquired if pursued by an aggressive owner, 3) Consider adding new crews for continued growth, 4) Improve or create new website – add mobile responsiveness and SEO features, increase testimonial content, 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, …7) Contact all previous customers and ask for referrals.

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.


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Fort Worth Gutter Manufacturer Sold

We Sold the Largest Gutter Business in Texas


Reason for Selling: Retirement.

Purchase Price: The asking price for the assets of the business is $425,000 with $100,000 CASH down payment and balance financed as a commercial or SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller.  All financing is to be personally guaranteed by the individual principals of a prospective purchaser.  THE SELLER PREFERS TO SELL FOR ALL CASH.  The assets include Accounts Receivables valued at $50,000, Inventory at cost of $19,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $80,000. The price will be increased or decreased for total value of actual accounts receivables and inventory as of the sale date.


NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.


Concierge business brokerage and business valuation services to exceptional Dallas - Fort Worth business owners

For information, reference Fort Worth Gutter Manufacturer for Sale 20512 and contact Matt Adam at Adam Noble Group, LLC
Phone: (972) 725-7200

Are you looking for a buyer? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit another active buyer’s search criteria. Thinking of selling:  Contact us TODAY to Sell your Business 

For 3 decades, we have been guiding business owners and their families CONFIDENTIALLY to exit their construction trade business with the BIGGEST paycheck of their life!

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