Business Overview

Market leading remodeling and construction company has been providing the highest quality services to homeowners for over 15 years. It offers a wide range of services including kitchen remodeling, bathroom remodeling, custom cabinets, custom fireplaces, room additions, patios and outdoor living spaces, and any other work a homeowner might desire to improve and beautify their home. The company also has an easily transportable Disaster Services unit that provides rapid restoration services to homeowners in the event of a hurricane, tornado, flood, storm, or other catastrophe. The company has a beautiful showroom located on a main throughfare where customers come to pick out the items they want to use in their project renovation including cabinets, fixtures, countertops, tile, carpet, and wood flooring. Reputation in the area is excellent and is reinforced with a strong marketing program. Experienced workforce of real craftsmen plus close relationships with over 20 subcontractors that provide specialized services. Detailed processes in place that keep projects on time and on budget and enhances communications with the customer. Payment program scheduled such that the company always receives payments from the customers prior to making expenditures which maintains a positive cash flow for every project. The Company has a complete set of equipment necessary to perform the work including two branded box vans, a pickup truck, four trailers, a forklift, various tools, wet vacs, air compressors, drying fans, and dehumidifiers. This is your opportunity to own a well-established, profitable remodeling company with great growth potential. Please refer to CBB Listing #8275

Financial

  • Asking Price: $980,000
  • Cash Flow: $492,768
  • Gross Revenue: $2,190,011
  • EBITDA: N/A
  • FF&E: $459,200
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,500
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

4500sf facility in strip center

Is Support & Training Included:

Seller will train

Purpose For Selling:

Retirement

Opportunities and Growth:

Hire a foreman so more projects can be handled at the same time. Hire someone to manage Disaster Services and travel to the sites of catastrophes, wherever they occur in the United States. Bring certain subcontracted work in-house.

Additional Info

The business was founded in 2006, making the business 16 years old.
The sale shall include inventory valued at $20,000, which is included in the asking price.

The business has 1ft; 6+ Contrc employees and resides in a building with approx. square footage of 4,500 sq ft.
The real estate is leased by the business for $5,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell companies. Nonetheless, the real factor and the one they say to you may be 2 entirely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is really vital that you not depend entirely on a seller's word, but instead, make use of the seller's response combined with your general due diligence. This will paint an extra practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that profit margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new clients? Often times, companies have repeat consumers, which form the core of their daily profits. Specific elements such as brand-new competitors growing up around the location, road construction, and also employee turnover can affect repeat consumers and also negatively affect future incomes. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the regional typical household earnings effect future revenue prospects?