MergerPlace

Residential Remodeling Contractor

North Carolina


  • Asking Price: $495,000
  • Gross Income: $1,908,051
  • Cash Flow: $250,500
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $37,500
  • Listing ID: #205193
  • Established: 2007
  • Employees: 8 FT/ 2 PT

Business Description

Established residential remodeling and renovation company with a 10-year plus track record! Enjoy a well-developed local reputation coupled with the national brand name recognition and support provided by one of the premier franchisors in the industry. Attractive territory located in the Coastal Carolinas, with room for continued growth! Strong brand name and market presence, proven sales and marketing programs, experienced managers, sales team and crew makes this a turnkey acquisition. Currently semi-absentee owned, the buyer could continue to operate it semi-absentee or become a full-time owner-operator.


Business Details

Primary Business Category: Contractors - Special Trade
Location: North Carolina

Company Information

Year Established: 2007
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 8 FT/ 2 PT

Financial Information

Asking Price: $495,000
Gross Revenue: $1,908,051
Cash Flow: $250,500
FF&E: $37,500
Inventory: $15,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company leases a 4,500 square foot show room and warehouse space in a desirable location.

Growth & expansion opportunities:

Significant opportunity for continued growth. Owner is projecting 15% growth in 2018 based on further entrance into a new part of the territory over the past couple of years.

Competition:

Industry: The industry is experiencing solid growth and grew 6.8% in 2016. Competition: The Company has a protected territory within its own brand, and does have a few competitors in the area. However, they mostly focus on smaller, less complex remodeling jobs.

Reason for selling:

Out of town, semi-absentee owner needs to focus on business at home.

Support & Training:

Will train for 4 weeks @ no cost. Owner’s role can be flexible and focus on the area(s) that they want to depending on their strengths and desires, continuing to operate the Company semi-absentee or as a full-time owner-operator: sales/marketing, design, administration, project management, operations/logistics, etc. Buyer will need to have or obtain a NC and SC General Contractors license.

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Business Listed By:

Ron Buck

Murphy Business Brokers