This Company is presently under exclusive Letter of Intent with a buyer and therefore unable to be discussed. Please submit your information below and we will contact you should the opportunity again become available!
This Company is a leading provider of secure fencing and gate options for residential and commercial customers throughout the state of Michigan. Whether the project is a custom pool fence, a decorative automatic gate for a private estate, or miles of fencing around a nuclear power plant, the Company can provide a competitive and professional solution.
A series of well-executed strategic decisions made early on by the Company’s owner has enabled the Company to increase its market share and operate more profitably and with less oversight (the owner works only 12-15 hours per week!) than at any time in its over 20 years of operation.
The Owner is pursuing a sale because he enjoys finding businesses that are in need of “fixing”. While there are certainly opportunities to grow his existing business, he believes it is largely turn-key and would rather focus on a new challenge. Prior to retiring, he would like to acquire and turn one more business around.
The business is operated out of a 5,000 sqft facility on 1.3 acres of land. The owner’s strong preference is to sell the real estate with the business.
- The present owner works only 12-15 hours per week. All positions are effectively delegated, making a transition very smooth for a new owner!
Financial Summary
September 2016 Trailing Twelve Months (TTM):
Sales: $2,800,000+
EBITDA: $500,000+
SDE: $ 635,000+
Sales and profits have grown for the past 5+ Â years consecutively!
- The beauty of this business is that materials are drop shipped to the worksite, so the Company’s facility has no real limit to the capacity it can support and the Company!
Investment Highlights
Profitability – The Company has grown at a rapid clip without sacrificing its profitability. This exceptional financial performance is due to the fact that a significant portion of the Company’s business comes from residential and corporate clients that are seeking a premium solution and willing to pay a premium price. Additionally, the Company has negotiated very favorable pricing with its loyal suppliers, which is especially important in a business where materials comprise 70% of costs.
Autonomous – By hiring the right people, clearly defining roles and responsibilities, and devising a highly effective incentive plan that gets each employee engaged and focused on efficiency, the Company can operate with only limited oversight of the owner.
A Uniquely Robust Industry – When the economy has a downturn, investments in security increase. When the economy is booming, spending on ornamental and pool fences increases. The cumulative effect is that regardless of the state of the economy, the market for fences and gates is quite stable.
- The company effectively services residential, commercial and industrial customers!
Growth Opportunities
Grow with the Market – Demand continues to far outstrip supply in the existing regions and industries that the Company serves. To capture more of this work, the Company will need to take on an additional salesperson.
Geographic Expansion – The beauty of this business is that materials are drop shipped to the worksite, so the Company’s facility has no real limit to the capacity it can support and the Company, with the effective use of subcontractors, could expand to do more work out of state.
Expand Service Offering – Railings and/or security devices (cameras and monitors) are representative of the low-tech and high-tech service/product offerings that would make sense for the Company to expand into. As the Company is already serving a customer-base that would be interested in these services/products, the cost of acquiring these sales would be minimal.
The BEST way to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a questions related to their background and interests. Inquire today about this profitable service business for sale in Michigan!