Garage Door Installation and Repair- Sold

Price: $195,000

Location: Montgomery County, Maryland

Industry: Building and Construction

This is an attractive high margin company that specializes in residential garage door sales, service, and installations. This well-established business serves the DMV area and has an excellent reputation along with a very strong clientele base of repeat clients, home builders, and architects. The business has dealer rights and volume discounts with high quality door manufacturers. The current owner devotes about 10 hours a week to this business due to full time engagement with another organization. The business has not missed a step during the coronavirus pandemic and is on track to surpass last year’s sales.

Listing Details

Revenue: $529,000

Cash Flow: $65,000

EBITDA: $55,000

FFE: $22,000 (Included in Price)

Inventory: $3,000 (Included in Price)

Reason For Sale:

Owner has another full time commitment and can't contribute enough time.

Training & Support:

Owner and management will provide two weeks of training after closing and beyond that if needed based on mutually agreed term.

Operation

Year Established: 2009

Employees: 3

Location

Type of Location: Home-Based

Facilities Information:

The company conducts the business from a facility with only $1,300 rent per month. (Home Based)

Summary

Competition:

There are other companies that provide garage door installation and repair but this company is specialized in the higher end custom garage door market. They have a large customer base of popular home builders and architects and a large referral network of existing repeat clients. They spend very little on advertising and have consistent $500k sales each year.

Potential Growth:

Owner devotes only about 10 hours/week to this business, new owner with more involvement and strong marketing can take this business to new level. Also, expanding the business to commercial category is another potential for growth.

(Mike) Majid Zarinbaksh, MBA, CBI, M&AMI

[email protected]
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910 Bethesda, MD 20814

  • Hidden