Strategic Partnership Proposal

WealthNow × Hunt Services

A Path to a $40M–$60M Exit

$15M
$40–60M
24–36 Mo.

Hunt's Services — Tacoma, WA • Multi-Trade Home Services Platform

01 — The Business

A Platform Built on 14 Years of Trust

Hunt's Services is a family-owned, multi-trade home services company serving the Greater Puget Sound region. Recognized for same-day service, an industry-leading 15-year warranty, and a team that treats every home like their own.

$12.3M
2025 Revenue
Stable & growing
14 Yrs
In Business
Since 2012
5
Trade Services
Plumbing · HVAC · Electrical · Sewer · Air
30+
Service Areas
Greater Puget Sound
15-Yr
No-Worries Warranty
Industry-leading guarantee
24/7
Emergency Service
Same-day dispatch
Plumbing36%
HVAC32%
Electrical32%
Sewer & Drains
Air Quality
Best of TacomaHomeAdvisor Top RatedAngi CertifiedBBB Accredited253-533-7500 • huntsservices.com
02 — Track Record

From $104K to $12M in 12 Years

Organic growth. No outside capital. Built entirely on reputation and execution.

117×revenue growth since founding • 40%+ avg. annual growth
$12M+$8M$4M$0
$12.6M
$12.3M
12
14
16
18
20
22
24

Revenue plateaued at ~$12M in 2022–2024. Not a sign of a ceiling — a sign of operational friction that capital and systems can unlock.

That friction is the opportunity.

03 — The Gap

Hidden Revenue, Hiding in Plain Sight

An analysis of 11,701 service calls reveals significant untapped revenue. These are not external market challenges — they are internal operational gaps with clear, proven solutions.

42%
Zero-Revenue Calls
4,914 of 11,701 service calls generated $0 in revenue
2%
Membership Conversion
Industry best practice is 15–25% — a 10× opportunity
$523K
Net Profit on $12.1M
4.3% net margin — far below the industry's 12–15% potential
ChannelBudget ShareSpendRevenue ShareRevenueROI
Branding32%$419K50%$4.9MHigh
PPC / PPL66%$862K33%$3.2MLow
Repeat Customers2.5%$32K17%$1.6MExtreme
“This isn't a failing business — it's an underperforming one. The infrastructure is there. The gaps are fixable.”
04 — The Market

Private Equity Is Here. And They're Buying.

Home services has become one of the most aggressively consolidated verticals in private equity. Multi-trade platforms like Hunt's are exactly what acquirers are looking for — and paying top dollar to get.

EBITDA
$3M
at 10× multiple
= $30M
Conservative entry
Target
EBITDA
$4M
at 10–12× multiple
= $40–48M
WealthNow target exit
EBITDA
$5M
at 12× multiple
= $60M
PE platform premium
Multi-trade capability commands 1–2× premium vs. single-trade
Owner-operators actively sought — PE values owner alignment
Recurring membership revenue raises platform multiples significantly
Geographic density in high-income metro (Puget Sound) adds valuation premium
Proprietary customer relationships are irreplaceable in PE rollups

The Window Is Open

PE platforms are consolidating regional home services at record pace. A business at $30M+ revenue with $3–4M EBITDA and strong brand equity becomes a highly attractive acquisition target. The question isn't if the exit happens — it's at what valuation.

05 — Founder's Vision

Darrell Already Sees the Destination

The owner's five-year business plan articulates a clear vision: grow to $30M revenue, build a world-class multi-trade team, and establish Hunt's as the definitive home services brand in the Pacific Northwest. WealthNow provides the roadmap to get there faster.

Plumbing
Today: ~$4.4M
$10.8M
36%
HVAC
Today: ~$3.9M
$9.6M
32%
Electrical
Today: ~$3.9M
$9.6M
32%
H
Hustle
Outwork the competition, every day
U
Unity
One team, one direction, one mission
N
No Excuses
Ownership over blame, always
T
Take Ownership
Act like it's yours — because it is
S
Success
Build something the whole team is proud of
OWN IT
STEP UP
GET SHIT DONE

“The visionary sets the destination. The integrator builds the path. Hunt's has one of the clearest visions we've seen — and the team to execute it.”

— WealthNow Assessment
06 — The Playbook

5 Levers. $6–8M in Additional Revenue.

Every lever is based on identified data, proven industry benchmarks, and the operational infrastructure that already exists at Hunt's. We don't rebuild — we optimize.

01

Convert Zero-Revenue Calls

42% of all service calls currently generate zero revenue. Implement a structured dispatch follow-up protocol and offer membership upgrades and accessory installs on every visit.

Currently 4,914 of 11,701 annual calls

$2–3M
Estimated Annual Upside
02

Membership Program Acceleration

Current membership (Hunt's Care Club) conversion is 2%. The industry standard is 15–25%. A dedicated membership sales process, field incentives, and marketing automation can close this gap.

2% → 15% conversion = 7.5× growth

$1.5–2M
Estimated Recurring Revenue
03

Average Ticket Improvement

Structured option selling, upsell training, and better diagnostic processes can meaningfully raise average ticket per call across all five service lines.

Industry avg ticket gaps identified

$500K–1M
Estimated Annual Upside
04

Marketing Reallocation

Currently 2.5% of the marketing budget goes to repeat customers — yet they drive 17% of revenue at the highest ROI of any channel. Shift 10% of budget to repeat and loyalty; reduce overweight on PPC/PPL.

Repeat budget: 2.5% → 10%+

$800K–1.2M
Improved Return on Spend
05

Install Capacity Expansion

Service leads far exceed install capacity. Adding one install team per trade generates direct, high-margin revenue and unlocks referral pipelines. Aligned with the owner's headcount roadmap.

Headcount plan already drafted

$1–1.5M
Per Additional Install Team

Total Revenue Upside

$6–8M additional annual revenue

Combined with existing $12M baseline:

$18–20M within 18 months

07 — The Trajectory

Three Years. Four Times the Value.

A methodical ramp across three years — each milestone unlocked by the playbook levers — culminating in a highly attractive exit-ready platform.

Today
2024 Baseline
Revenue
$12M
EBITDA (4%)
$0.5M
Est. Enterprise Value
~$5–7M
Current implied
Year 1
2025 Target
Revenue
$17M
EBITDA (10%)
$1.8M
Est. Enterprise Value
~$18M
Estimated
Year 2
2026 Target
Revenue
$24M
EBITDA (12.5%)
$3M
Est. Enterprise Value
~$30M
Estimated
Exit Window
Year 3
2027 Exit Target
Revenue
$30M
EBITDA (13.3%)
$4M
Est. Enterprise Value
$40–48M
10–12× multiple

* Projections are illustrative estimates based on operational playbook assumptions and comparable home services transactions. Actual results will depend on execution speed, market conditions, and capital deployment. EBITDA multiples reflect current PE market activity in multi-trade home services (2023–2025).

08 — The Exit

Multiple Paths to Maximum Value

We're not guessing at the exit. The home services M&A market is active, structured, and hungry for exactly this type of asset. Two clear paths — both attractive.

Strategic Sale

EBITDA
$4M
Multiple
10–12×
Exit Range
$40–48M

A well-run home services company at $4M EBITDA with strong brand equity, multi-trade capability, and established recurring revenue attracts strategic acquirers seeking regional market leaders.

Typical Acquirers

Home services PE platformsRegional strategic rollupsInfrastructure-focused PE
Likelihood: High

PE Platform Play

EBITDA
$5M
Multiple
12×
Exit Range
$60M+

At $5M EBITDA, Hunt's becomes an anchor asset — the platform that PE firms build around. Membership recurring revenue, strong NPS, and operational systems command top-tier multiples.

Typical Acquirers

Platform-building PEFamily office capitalHVAC/trades roll-up funds
Likelihood: High with 36-mo execution

Current Market Context

8–12×
EBITDA multiples for quality multi-trade
Active
M&A market for home services (2024–2025)
$30B+
PE deployed into home services (last 5 years)
09 — The Deal

Aligned to Win Together

This partnership is built on one principle: the better the business performs, the more everyone wins. No complicated waterfalls, no misaligned incentives. Just one shared goal — maximize the exit.

$15M
Base Valuation
Agreed starting point
$40M+
Target Exit
Conservative scenario
$25M+
Upside Created
Shared value creation
50/50
Profit Split
Equally aligned partners
1
$15M

Agreed starting point — reflects current state

2
$40M

Example exit — $25M of value created

Owner / Hunt's

$27.5M
Base $15M + 50% of $25M upside ($12.5M)

WealthNow

$12.5M
50% of $25M upside — earned through execution
“Every dollar we create together, we share equally. Our success is your success. There is no other way.”
10 — The Choice

Same Business. Two Very Different Futures.

Same team. Same brand. Same foundation. The only variable is speed of execution — and who's in the room to help unlock it.

Continue Alone

Path B

Build Together

Revenue in 3 Years$15–18M
Revenue in 3 Years$25–30M
EBITDA Margin4–6%
EBITDA Margin12–14%
Enterprise Value$12–18M
Enterprise Value$40–60M
Exit ReadinessUnlikely / uncertain
Exit ReadinessPositioned & ready
Capital RequiredSelf-funded only
Capital RequiredGrowth capital deployed
Membership RevenueStagnant at 2%
Membership RevenueScaled to 15%+
Operational SystemsCurrent state
Operational SystemsPE-ready infrastructure
Timeline to ExitIndefinite
Timeline to Exit24–36 months

“The business is capable of a $40–60M exit. The only question is whether we get there together.

11 — The Vision

Built Together.

“The goal is not just growth. The goal is building the most valuable home services platform in the Pacific Northwest — and giving the team who built it from $104K to $12M the exit they deserve.”
$15M
$40–60M
50/50
36 Mo.