Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Blinds Window Coverings Huge Territory For Sale

Denver, Colorado, US
Asking Price:
$1,590,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,600,000 (USD)
Cash Flow:
$548,000 (USD)

Window Coverings and Blinds Sales & Installation Franchise with a Territory of more than 1M potential customers in one of the fastest growing areas in Colorado

The franchise territory includes the following cities: Castle Rock, Castle Pines, Parker, Lone Tree, Highlands Ranch, Centennial, Littleton, Columbine, Ken Caryl, Lakewood, Parts of Denver, Greenwood Village, Englewood, Cherry Creek, Cherry Hills Village & Morrison. The territory is approximately 10 times the population offered in a new Budget Blinds Franchise and there are NO ONGOING FRANCHISE FEES. This is one of the reasons this business has a 30% profit margin which is very high compared to similar businesses. For the past 2 years this franchise has been the #1 performing franchise for this franchisor out of 100 other franchise locations.

The trailing 12 months revenues through March 31, 2021 were 1.6M with an adjusted earnings of $548K. The revenues are growing at 25% with the earnings growing at over 50% year over year INCLUDING 2020 during COVID. The sales price is 1.59M which makes the sales price less than 3 times the adjusted earnings which is low for a turnkey franchise that is established in a very fast growing market and has a 30% profit margin. The business also has 35% recurring revenues from repeat and referral business.

The owner wishes to travel and explore more with his family and feels it would be a great time to do this. He will sign a non-compete, help with a full transition and be available for consulting afterward. The franchisor will train the new owner for a week and vendors will be available both in person and by video tutorials to help also. The new owner doesn’t need any construction experience but should be able to “present” their products to potential customers. The training does cover all aspects of the business to including sales and installation techniques. The franchise has a fantastic full-time installer who will stay after the closing. Plus, there are no required licenses or certifications for the State of Colorado other than a sales tax license which is already in place.

The buyer will get approximately 90K in current value hard assets made up of 2 trailers, equipment, tools, sample books, hand samples, and two wrapped vans with shelving and a wrapped box truck. He keeps all of this at his house which we have already assumed will not be feasible for the new owner so I have taken a 1K/month negative add back to find proper storage for this. The box truck already is kept at a storage facility over night near where the installer lives and that expense is already on the PL’s. He also has 15K in assets in a new showroom that he started building out on South Broadway where he pictures the admin/sales person who can answer the phone, schedule, and give presentations to prospective customers referred from the home remodeling company that takes up the rest of that large space. They are renting 600 square feet of a 5,000 square foot building with parking and a recent total remodel made up of several other showrooms.

The owner working 50 to 60 hours a week doing mostly sales, his wife is working 25-30 hours a week doing scheduling, bills, and some bookkeeping, and a 40-45 hour a week installer who loves his job and will stay long term. I have taken a negative add back in the adjusted earnings spreadsheet to add an employee to help with the current excess hours that he is currently putting in who can also act as an admin.

The business is growing very quickly already and there are ways to increase this. Being able to attend the Spring Home Show again post covid (he would get 5 plus weeks of work from the previous home shows in the convention center), hiring an employee who can do both sales and administrative work. Finishing the buildout to the Denver showroom and placing the new employee there, doing more commercial jobs, adding advertising including Val Pak (which is very effective for this type of business). Also, if you choose to get into repair work there is a huge demand in the area as there are very few companies that offer this service. His advertising is only 2% of revenue when the average in this industry is closer to 6%. He is not a marketing person. The new owner can improve their social media presence, online reviews, etc. To put this in perspective, he is 5 star Google rated with 2 reviews in 1 "location" and 28 reviews in the other and does up to 25 jobs a week at their peak and has for years. He doesn’t pay attention to this. There is no other franchise’s for the same franchisor to the South of them and the new owner could purchase from Larkspur to Colorado Springs which is also growing very fast. He states that he believes the business can grow to 3M in revenues in 2 years and 5M in 5 years.

The seller is asking for 1.59M. He will be keeping his cash and accounts receivables and will pay off all debt including the accounts payables so that the business transfers debt free. It is an LLC so this can be either a stock or an asset sale.


Details:

The buyer will step into a turnkey type of business with substantial upside growth potential. The business generates a steady stream of leads proven by the fact that the owner doesn’t spend much money on advertising and does all of the sales himself. Their work comes from 90% residential customers and only 10% commercial. The seller is very proud of the quality of products, workmanship that they provide, and their customer service.

The owner will sign a non-compete. He is willing to transition the business and can teach the new owner how to run the business and how to grow it. In fact, the business will not change one bit the day after the closing. There are no required specific licenses for the State of Colorado other than a sales tax license.

All of his vendors drop ship the custom-made products as needed and therefore he does not have to carry any inventory. They offer the best products in the industry which most have limited lifetime warranties by the manufacturer. The vendors will offer a line of credit which will increase over time as they get more comfortable with the new owner. Several of them offer a discount for ACH payments as well.

The business has a very capable, trustworthy, competent, and reliable installer working for 75K who probably should be paid 85K in today’s market.

He manages the business out of his house and doesn't believe the new owner will do the same. The product is only ordered for pending jobs and it can be sent to a shipping and receiving location that gives easy access to the freight companies for deliveries, his installer and any other authorized users that you choose. This keeps the entire business out of your house with very little overhead. The new owner will be providing the estimates/bids, sales over the phone and in person, ordering materials, invoicing, issuing warranty work, and marketing. They have a model and he has the support that makes all of this very easy to learn and to manage.

They have a great reputation for safety, quality, and reliability. They have a great record for safety as proven by their low workman’s comp MOD rate. They have had no regulatory issues, no lawsuits, and no issues with the city, county, or municipality that they are in. They are A+ rated with the Better Business Bureau and have a 5 star reputation.

Plus, Colorado is the best State in the country to own a business. Colorado is the one of the top 3 fastest growing and strongest economies in the United States and Area Developers Magazine ranked Denver the #1 growth opportunity in the country. Here is “Area Development's” top 10 U.S. "Leading Locations" : 1. Denver. 2. Houston. 3. Grand Rapids, Michigan. 4. Greeley. 5. San Francisco. 6. San Jose. 7. Seattle. 8. Columbus. 9. Boulder. 10. Austin.


Sincerely, Jeff at Business Broker Colorado

Property Information

Premises Details:

The buyer will get approximately 90K in current value hard assets made up of 2 trailers, equipment, tools, sample books, hand samples, and two wrapped vans with shelving and a wrapped box truck. He keeps all of this at his house which we have already assumed will not be feasible for the new owner so I have taken a 1K/month negative add back to find proper storage for this.

Business Operation

Expansion Potential:

The business is growing very quickly already and there are ways to increase this. Being able to attend the Spring Home Show again post covid (he would get 5 plus weeks of work from the previous home shows in the convention center), hiring an employee who can do both sales and administrative work. Finishing the buildout to the Denver showroom and placing the new employee there, doing more commercial jobs, adding advertising including Val Pak (which is very effective for this type of business). Also, if you choose to get into repair work there is a huge demand in the area as there are very few companies that offer this service. His advertising is only 2% of revenue when the average in this industry is closer to 6%. He is not a marketing person. The new owner can improve their social media presence, online reviews, etc. To put this in perspective, he is 5 star Google rated with 2 reviews in 1 "location" and 28 reviews in the other and does up to 25 jobs a week at their peak and has for years. He doesn’t pay attention to this. There is no other franchise’s for the same franchisor to the South of them and the new owner could purchase from Larkspur to Colorado Springs which is also growing very fast. He states that he believes the business can grow to 3M in revenues in 2 years and 5M in 5 years.

Competition / Market:

The franchise territory includes the following cities: Castle Rock, Castle Pines, Parker, Lone Tree, Highlands Ranch, Centennial, Littleton, Columbine, Ken Caryl, Lakewood, Parts of Denver, Greenwood Village, Englewood, Cherry Creek, Cherry Hills Village & Morrison. The territory is approximately 10 times the population offered in a new Budget Blinds Franchise and there are NO ONGOING FRANCHISE FEES. This is one of the reasons this business has a 30% profit margin which is very high compared to similar businesses. For the past 2 years this franchise has been the #1 performing franchise for this franchisor out of 100 other franchise locations.

Reasons for selling:

The owner wants to travel with his family

Employees:
2
Years established:
2014

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The owner will sign a non-compete. He is willing to transition the business and can teach the new owner how to run the business and how to grow it. In fact, the business will not change one bit the day after the closing. There are no required specific licenses for the State of Colorado other than a sales tax license.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$90,000 (USD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Business Broker Colorado, LLC

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here