Florida Door and Trim Company

Business Description

For sale is an 8-year-old company in Brevard County that offers assembly of interior and exterior doors (pre-hung), hardware, locks, millwork, stair treads, handrails, installation, and other building supplies. The company has long-term contracts and recurring sales by builders and remodelers, making up roughly 90% of the revenue. The contracts in place will transfer to the new owner. While one customer accounts for approximately 22% of the revenue due to the number of neighborhoods the company currently supplies for, there are more than 30 recurring customers. Order values vary significantly from one dollar to $30K, but the average order value is between $2K and $4K.  Revenue has been steadily increasing over the past several years and has almost doubled since 2019.

The company’s primary goal is to give its customers a superior product with excellent customer service.  This policy brought additional contracts each year with builders and remodelers.  In 2021 the company secured its first national account, and a second national builder signed on in 2022.  Although revenue has increased over the years, earnings were affected in 2021 by supply costs and inflation.  Contracts were rebid and updated, but the unstable market still caused a decline in earnings.  The market re-stabilized, making 2022 a great year.  The owners believe all employees will stay after the new owner takes possession, including three key managers.  A fourth manager is in the process of being hired to lighten the workload of the owners.

 

2018 2019 2020 2021 2022
Revenue $2,173,464 $2,436,795 $2,824,955 $3,429,132 $4,686,821
SDE $234,064 $233,888 $411,065 $332,058 $675,707

Financial Overview

Asking Price: $1,535,000 + Inventory

Revenue: $4,686,821

Income: $675,707

Multiple: 2.27x

The listing is either pending or closed so the NDA cannot be signed