The business just experienced it’s FOURTH record year in a row finishing at $2.818M in ‘22 – an 18% increase and over $500k in discretionary cash flow. The owner anticipates that despite the slow down in housing construction that 2023 will be another good year. This is an established business with a great reputation, but could be improved with the addition of some internal IT processes to streamline operations during this growth.
The business is located in the SECOND highest growth area of Texas and is experiencing tremendous expansion. On top of its normal baseline of steady yearly business, the New Home Builder growth has helped fuel three records years of revenue. Deemed as an essential business during the pandemic, the business has almost doubled in revenue over the past 3 years (96% growth).
The business offers a variety of products and services: Wood Privacy Fencing, Ornamental Iron Fencing, Chain link Fence, Farm & Ranch Fence, Custom Fencing, Porch Rails, and Stair Rail / Landings. There is continued opportunity for growth with additional commercial contracts (which will require additional crews), and additional requested services. The business has office space for Office Staff, Salespeople, Builder Reps, & Warehouse management, & warehouse space to store equipment and some of the inventory. An additional offsite nearby location also has some of the additional homebuilder day inventory as needed depending on the price of lumber.
The owner is selling for retirement reasons and is willing to assist the buyer with a smooth transition to be negotiated and is flexible on how the transition is structured. A potential manager is in place. Included with the sale is a meaningful non-compete agreement. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. Call Doug Scheiding at 210-348-8989 or email at email@example.com for more information.