MergerPlace

Bathroom Remodeling Franchise

Florida (Broward)


  • Asking Price: $375,000
  • Gross Income: $1,649,588
  • Cash Flow: $340,053
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $50,000
  • Listing ID: #208139
  • Established: 2017
  • Employees: 8 FT

Business Description

This franchise is the nation’s largest bathroom remodeling company with 40 years in the market and over 100 cities served. They offer complete bathroom remodels, tub and shower updates, plus accessibility and safety solutions. This franchise was established in 2017 and has become very profitable, experiencing a strong growth since the beginning. Current pipeline in excess of $350k. Territories include Palm Beach and Broward counties. Sales are trending to $ 1.5 MM plus in 2018. Excellent staff in place. Exclusive providers of one Home Depot store and of all JC Penney Stores.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Florida
County: Broward

Company Information

Year Established: 2017
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 8 FT

Financial Information

Asking Price: $375,000
Gross Revenue: $1,649,588
Cash Flow: $340,053
FF&E: $50,000
Inventory: $20,000
Seller Financing Available: No

Property Information

Facilities:

Warehouse with 5,000 sq ft @ $5,218 (includes CAM and Taxes). Lease expires March 2020. One 5 year option to renew.

Growth & expansion opportunities:

The growth of this franchise has been very strong. Keeping up the momentum and investing smartly in advertising will keep this business growing. Very important is creating a strong team of installers that can keep up with the jobs.

Competition:

There are 2 other companies that specialize in bathroom remodeling. They are smaller and less known, cheaper and lower end. The competition only does vinyl, no stone and they only do showers and bath tubs, they don't get involved in the remaining of the rest room. This franchise is the largest remodeling company in the US and it has been in the market for 40 years.

Reason for selling:

Focus on another non related business.

Support & Training:

Will train for 2 weeks @ no cost General management.

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Business Listed By:

Andy Fischer

Murphy Business Brokers