Profitable Contractors Company for Sale in New York, United States
The Company was founded in 2012 amidst competition with three other contractors providing services to the same retailer. When the other contractors became unreliable and unable to deliver the high standards required, this Company became the exclusive provider and has maintained superior customer service ratings to date.
The Company is experiencing rapidly increasing annual growth (43% and 67% for the last two years. Net profit margins have also increased from 15% to 25% because of operational efficiencies and a commission-based pay-structure.
Currently, the Company only generates new business by referrals from the retailer and has seen 43% and 67% growth the past two years. Since the Company’s designers / salespeople are onsite, there is a huge opportunity to up-sell additional general contracting work to the same customers. The Company also does not advertise but a new owner could take advantage of the Company’s spectacular reputation and track record.
None! As the preferred and only provider, competition is only an issue if the service or quality of the Company deteriorates.
The Company is the only installer and contractor in the region for a major retailer that sells entirely to people renovating, remodeling, and redecorating their homes. Customers of this major retailer who require installation or contracting in the NY Metro & NJ area are directed to the Company. Currently the company has approximately 30 in-home design appointments weekly and is booking between 15-25 installation / renovation projects weekly. The Company’s 6 salespeople close approx. 40% of their appointments. The business is very well organized with an online scheduling system to keep projects on track. Required audits from the retailer have kept the books in very good order.
Earlier than 15 daysM&A Business Analyst & Consultant, Effingham, Financial Advisor connected with this business