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Denver Remodeling Company
Location: United States -> Colorado -> Denver
Industry: Business Services > Construction

Business Summary

Denver Metro Residential Window, Siding, Doors, and Roofing Remodeling Co

Residential replacement windows(43% of revenues), siding, entry doors, and roof/gutter company for over 70 years. 2022 had revenues of 7.6M in revenue with 255K in earnings which is partially because of the historically cold month of December when they could not install for part of the month. They didn't lose any jobs but had to push several into 2023.

The company sells windows and doors that are sometimes customized to their customer's needs and are energy star rated. The windows and doors are warranted by the manufacturer. Their major suppliers are major manufactures with national name recognition.

BUT, this is a sales and marketing company much more than it is a construction company. The owner is retirement age and manages the sales manager and other managers but let them run the business. He doesn't do any sales himself. The company had a total sales and marketing cost of over 2M dollars in 2022 which is almost 28% of revenues. They still use a call room, print ads, radio, a contest, trade shows, and a non-celebrity endorser; which compared to a more modern approach is wasting a lot of money.

The company is currently owned by an owner who oversees management and doesn't do any bidding or sales himself. There are currently over 10 excellent and reliable employees many of whom have been with the company for longer than 5 years. There are also independent contractor salespeople, and 2 window installing independent crews, 1 siding crew, 1 individual for doors and 1 roofing crew, who are all paid either by window/door or per 100 square feet of siding or roofing. The employees and ''subs'' are very skilled in their respective positions.

The sales price has been lowered to 750K plus a negotiated value for their inventory which is currently estimated to be around 90K. The sales price includes 100K in FF & E that includes 4 vehicles, office furniture and equipment,


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $7,600,000
Cash Flow:   $255,000
Cash Flow Type:  EBITDA
Inventory:  $100,000
Seller Financing:  Yes

About The Business

Year Established:  1995
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Will stay as long as needed
Reason For Selling:  Retiring

Print Listing Id: 700381676
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