Business Overview

High End Remodelor for Sale. Owner looking to Retire.
Seller will Finance and Train. Award winning Remodeler for the last seven years.
Sales of over 1,000,000 in 2021 with over 450,000 in projects sold for 2022.
Great opportunity for someone who is in the trades and wants to run his/her own operation to pick up the success of this business.

Financial

  • Asking Price: $195,000
  • Cash Flow: N/A
  • Gross Revenue: $1,200,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train on all facets of the business. Seller wants to ensure a solid transition of the business.

Purpose For Selling:

Retirement

Pros and Cons:

Plenty of competition. This business has stood the test of time by focusing on customers concerns regarding quality, budget, and timelines.

Opportunities and Growth:

Quality and access to labor is the biggest constraint in the industry today.

Additional Info

The business was established in 2014, making the business 8 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. However, the genuine reason vs the one they tell you may be 2 entirely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is really important that you not count absolutely on a vendor's word, yet rather, use the vendor's solution together with your overall due diligence. This will paint a much more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that earnings margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in new customers? Most times, operating businesses have repeat clients, which create the core of their daily revenues. Certain elements such as brand-new competitors growing up around the location, roadway building and construction, as well as personnel turnover can influence repeat customers as well as negatively affect future revenues. One essential thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the regional mean house income effect future revenue prospects?