Retail Store Remodeling Company

Description:
The company specializes in retail transformations, offering services such as new store setups, remodels, fixture installations, and in-store service programs, providing comprehensive solutions for retail businesses.

Key Aspects:
• From 2020 through 2023, the Company averaged $14.2 million in revenue, with gross profit margins averaging 24.5%
• From 2020 through 2023, the Company had an average adjusted EBITDA margin of 15.5%
• The Company operates with an estimated 250 employees and serves customers across 27 states in the US
• The Company has an estimated $6.4 million in secured backlog from a top customer as of January 1, 2024, expected to be recognized in 2024

Opportunities:
• Continue to grow operations and expand into the Western US markets
• Improve recruiting efforts to allow the Company to scale up or down on a short notice to meet any new demand
• Expand service offerings to vendor funded jobs such as traditional service merchandising with shorter visits and smaller resets
• Incorporate construction crews with expertise in trades such as painting, electrical work, and flooring installation to help make the Company a one stop shop for retailers

Headquartered:
• Southeast US

Current Markets:
• The Company primarily serves major retail stores in various industries across the US.

Real Estate:
• The Company operates out of an 11,900 sq. ft. office & warehouse space. The facility is leased from an affiliated entity. There is room to grow in the current facility, and ownership would be open to including it in a sale or negotiating a long-term lease.

Shareholder Ownership:
• The Company is owned by two shareholders, with a 50%/50% split. Both owners are interested in a full sale and are open to a variety of deal structures to help facilitate a transaction. One owner is interested in pursuing retirement and the other owner is open to staying on long-term to help grow the business and realize its full potential. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition to ownership.