Business Summary:
This business specializes in storm window restoration and installation with 90% of the projects completed being in the residential space. Services offered include new storm window installation, primary and exterior window restoration, operational restoration, weather stripping, and new storm windows and doors. The average project size is approximately $8,000, though the business has completed larger jobs and maintains a backlog of contracted work with 9 months of planned jobs. On average, the company services 30 or more clients per year, often managing several concurrent projects. The company operates out of a rented shop with both office and workshop space, serving primarily the Omaha and Lincoln regions, but occasionally taking on projects further afield when opportunities arise. Most work is performed on-site, with full window restorations conducted in the shop when needed. The staff consists of the owner and one talented window technician, both handling all aspects of the work in-house. The seller is seeking a career change and has offered to stay with the business for 6 months post close to train. Plus, the seller has offered to carry 25% of the purchase price. Priced at a very low multiple of less than a 2, the asking is $160,000. There is significant opportunity for growth by expanding the team with additional window technicians, carpenters, or glass specialists. There is also potential to spin off smaller services, such as glass replacement or rescreening, and to introduce more formal marketing efforts. With a nine-month project backlog and minimal competition, a new owner with business development skills could readily scale operations and increase revenue, making this an attractive opportunity for growth in a specialized market.
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