Vivax Pros Company Profile

Background

Founded in 2004, Vivax Pros is a consumer services company specializing in residential exterior painting, roofing, gutter installation, deck construction, and window installation. The company is headquartered in Denver, Colorado, and has expanded its operations to include locations in Loveland, Fort Collins, Colorado Springs, Grand Junction, and Austin, Texas.

Vivax Pros is committed to raising the bar in the home service industry by emphasizing integrity, punctuality, honest and fair estimates, and treating clients' homes as if they were their own. This dedication has led to servicing over 41,000 clients and establishing a reputation as a trusted house painting company.

Key Strategic Focus

Vivax Pros' strategic focus centers on delivering high-quality residential exterior services, including painting, roofing, gutter installation, deck construction, and window installation. The company targets homeowners seeking reliable and professional home improvement services, primarily in the Colorado and Texas markets. By maintaining a strong reputation and leveraging customer referrals, Vivax Pros aims to expand its market presence and continue its growth trajectory.

Financials and Funding

As of 2016, Vivax Pros reported revenue of $28.8 million, marking a 175% increase from $10.4 million in 2014. The company has experienced significant growth, adding 30 jobs since June 2017, bringing total employment to 175. Vivax Pros raised a total of $2 million in funding over one round.

Leadership Team

Jeremiah T. Owen, President: As the founder and CEO, Owen has led Vivax Pros since its inception in 2004, fostering a culture of integrity and customer satisfaction.

Scott J. Bondy, Director of Marketing: Bondy oversees the company's marketing strategies, focusing on customer engagement and brand development.

Lindsay Winters, Director of Sales: Winters leads the sales team, driving revenue growth and expanding the company's client base.

Competitor Profile

Market Insights and Dynamics

The U.S. house painting and decorating industry is valued at approximately $11 billion, with growth closely tied to the housing market. Colorado's robust housing market, particularly in Denver and Colorado Springs, presents significant opportunities for companies like Vivax Pros.

Competitor Analysis

Vivax Pros operates in a competitive landscape with several notable competitors:

HomeMasters: With 144 employees and revenue of $23.9 million, HomeMasters offers similar home improvement services.

Apex Exteriors: Employing 92 staff and generating $18.7 million in revenue, Apex Exteriors specializes in exterior home services.

Moss Building & Design: This company has 67 employees and a revenue of $62.4 million, focusing on residential construction and remodeling.

Waunakee Remodeling: With 152 employees and $32 million in revenue, Waunakee Remodeling provides comprehensive home remodeling services.

Fresh Coat Painters: Employing 89 staff and generating $90.4 million in revenue, Fresh Coat Painters offers professional painting services nationwide.

Strategic Collaborations and Partnerships

Vivax Pros collaborates with local businesses such as Sherwin Williams and True Value to source high-quality materials for their projects. These partnerships ensure the use of premium products and support local economies.

Operational Insights

Vivax Pros differentiates itself through a strong company culture that emphasizes personal and professional growth, integrity, and customer satisfaction. The company offers comprehensive warranties, including 6, 9, or 14-year workmanship warranties, and a 100% warranty on paint and workmanship for one year. Additionally, no deposit or payment is required until the final inspection, ensuring customer satisfaction before payment.

Strategic Opportunities and Future Directions

Vivax Pros plans to continue its growth by leveraging its strong reputation and customer referrals. The company aims to expand its market presence in existing locations and explore new markets, maintaining its commitment to quality and customer satisfaction.