Active
Kitchen & Bath Remodeling Biz with Stunning Showroom! (37921)
The business specializes in design & installations for kitchens, bathrooms, or turn-key remodeling.
- Customers- High end communities in Southwest Florida caters to Residential SFD’s (50%) and Condominiums (50%)
- Seven Product lines! - cabinetry, countertops, fixtures, and appliances and exclusive statewide supplier for designer stone panel!
- Continuous growth - Facing growth before and after hurricane damages with an average Growth Rate of 18.1%!
- The team - A team of six nonunion employees is experienced with manager cross-training and most likely to remain post-sale.
- Involved ownership is available for a smooth transition of three to six months.
- Facility - The sensational showroom attracts walk-in traffic! Preferably sold with the business, it has expansion capabilities. Property estimated at $680K - $750K!
- Diversity - a mix of homeowners and contracting partners, growth opportunities exist by increasing focus with builders, as past clients have represented more than 10% of annual sales.
- Financials - Sales for 2022 climbed to +$1.3 million with $232,000.
- Booked months in advance thanks to strong reputations with Projections for 2023 in excess of $2 Million!
- What's included - New vehicles and trailer, Equipment valued at $120,000, Inventory of $266,494 + varying projects.
- Listing features current Receivables of $594,710, working capital subject to negotiations.
Listed By: Tim Marlo
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Background information
Seller Number:
37921
Year established:
2005
Reason selling:
Ready for and approaching retirement.
Finance
Sales:
$891,691
Profits:
$517,051
Profit type:
Discretionary Earnings
Operations
Employees:
6 nonunion.
Equipment:
$120,000
Inventory:
$266,494 + varying projects.
Premises
Facility:
Property valued from $680K - $750K comes included in Asking.
Square footage:
2,564+/-
Rent and lease terms:
Workplace can hold a monthly tenancy of $6,000.
Location:
Listing features current Receivables of $594,710.
Opportunities
Market:
Website, Social Media, Postings on Houzz.com, Sale Programs, Ratings, and Referral Sources.
Price and terms
Price:
$3,000,000
Financing:
Negotiable up to 20% for the right buyer.
Owner Transition:
Cross-trained for holidays, a smooth acclimation is offered with hands-on operations of 3 to 6 months.