Business Summary:
This company is a family owned and operated business in NW Arkansas established twenty years ago. The company has earned a reputation for high quality fencing and excellent customer service. The business sells and installs a wide variety of vinyl, wooden and metal maintenance free fences. Their fences are known for their decorative metal trim and customized windows placed in the fence at strategic points as desired by their customers.
To maximize efficiently, the business is operated completely with sub-contracted labor so no employees are required. Turnover of these sub-contractors is very low with many long term relationships. These relationships can easily be continued by the new owner. This tactical business strategy; utilized industry wide in this area eliminates the need to provide benefits, unemployment coverage, payroll taxes and other payroll related services.
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| Year
Business was Established: 1989 |
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| Number of Employees:
1FT |
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| Potential
Growth/Expansion:
New business has been good as customers respond well to Yellow Page advertisements as well as repeat business and referrals from satisfied customers. Revenue dropped slightly from 2006 to 2008 (down -3.5%) however net income and net discretionary cash flow (NDCF) increased 60% and 110% respectively over the same period. The 2009 YTD level of sales is projected to be down approximately 25% as a result of a serious owner illness that required his absence for almost 8 months. He recently returned and business has already picked up and should continue to improve even if these difficult economic times. However net income and NDCF has a run rate that is substantially equal to 2008. |
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| Owner
willing to train:
Seller will provide on site training for up to 20 hours per week for 4 weeks and be available by phone for an additional 4 weeks for questions. |
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| Reason for selling:
Owner health |
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Seller Reference Number: N718-RN
BusinessMart.com Listing Number: 70120 |
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