Type of business: Supplier and Installer
Supplier and installer to building industry, in business 30 years with great product and services, but making a loss of $120k per year for last 2 years. Owners were intending to rely on dividends or the sale of the business to their son to fund their retirement. One of the owners was tired and tired of it.
How We Fixed It
Increased prices by 30% without losing sales, jobs back costed, tracking job profitability, sales pipeline and cash flow forecast monthly. Addressed non-performance from team member.
The business is now back on track to make a profit of $100k per year. That’s a turnaround of $220,000 per year! Owner has a new lease of life and happy to go to work as future retirement looks brighter.