Business Overview

Garage renovation and remodeling business for sale in Bucks County, PA. Established for over 16 years and servicing PA and NJ, this garage remodeling company does everything from wall/ceiling prep and garage lighting to high quality customized modular cabinetry, craft walls, overhead storage systems and custom garage flooring (Epoxy Coated as well as RaceDeck®).

YEAR OVER YEAR GROWTH FROM 2018 – 2021!

This company understands that the garage is truly the home’s front door and takes special care in transforming it from a cluttered space to a functional, organized and appealing place you actually are proud to show off! They understand that every homeowner’s needs are different – weather you want to de-clutter and simplify or if you want a perfect showroom for your classic cars. Each project is crafted for the client’s specific needs and style.

They occupy a 1,500 sq. ft. office space, which includes a warehouse for storage. Business is being sold with all FFE and inventories ($15k).

This business has a functional website and several promotional materials to give to potential clients. Very little advertising is done which will allow a new owner to leverage this and see immediate growth as garage renovations are currently in high demand!

Current owner is looking to explore other opportunities – will train and transition business over for 6 months!
ASK: $120k
Revenue: $352k (2021) – year over year growth from 2018 – 2021
SDE: $65k
FFE: $35k (includes 2004 Box Truck, Fork Lift and various power tools)

Financial

  • Asking Price: $120,000
  • Cash Flow: $65,000
  • Gross Revenue: $352,000
  • EBITDA: N/A
  • FF&E: $35,000
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,500
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1500 sq ft office + warehouse

Is Support & Training Included:

will provide 6 months for smooth transition period

Purpose For Selling:

other opportunities

Additional Info

The venture was started in 2006, making the business 16 years old.
The sale does include inventory valued at $15,000, which is included in the suggested price.

The business has 2 employees and is situated in a building with approx. square footage of 1,500 sq ft.
The building is leased by the company for $1,600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the true reason vs the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be justifications to attempt to conceal the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is really essential that you not depend absolutely on a seller's word, but rather, use the seller's answer together with your total due diligence. This will paint an extra realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract new customers? Many times, businesses have repeat consumers, which create the core of their daily profits. Certain factors such as brand-new competitors sprouting up around the area, road building and construction, as well as employee turnover can influence repeat consumers and negatively influence future profits. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the opportunity to develop a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the regional mean home earnings impact future earnings potential?