MergerPlace

Home Remodeling Company

Virginia


  • Asking Price: $1,000,000
  • Gross Income: $1,915,576
  • Cash Flow: $355,508
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $67,000
  • Listing ID: #224353
  • Established: 2005
  • Employees: 8 FT

Business Description

This small family-owned and operated remodeling business specializes in kitchen, bathroom, and basement remodels. This business prides itself on offering a high standard of service and finishing on time and on budget while exceeding homeowners' expectations. They offer all-in-one service to complete projects from conception to completion.


Business Details

Primary Business Category: Couriers, Warehousing & Storage
Location: Virginia

Company Information

Year Established: 2005
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 8 FT

Financial Information

Asking Price: $1,000,000
Gross Revenue: $1,915,576
Cash Flow: $355,508
FF&E: $67,000
Seller Financing Available: No

Property Information

Facilities:

This is a home based business and can be relocated to a site of the buyer's choosing.

Growth & expansion opportunities:

There is potential for growth and streamlining with this company. The current owner believes technology would help to streamline ongoing clients. There are construction apps that will help with some redundancy and material selections, where the homeowner and contractor can communicate. Video apps that have been made popular can cut down on the site visits from the owner, though the face-to-face meetings to establish the trust and ongoing relationship will still be important. All in all current ownership believes if the next owner invests more technology into the business it will be more profitable and require less owner time.

Competition:

This business sets itself apart as a residential remodeler that has their vendors lined up to help with design from start to finish of the project. They do most of their projects with their own employees and believe this is the one area that separates them from the majority of general contractors that use sub-contractors to get the work complete. They typically work in 2 person teams from demolition to completion, so the homeowner builds a relationship with the owners and employees and increases the trust needed from all parties involved for a successful project.

Reason for selling:

Early Retirement.

Support & Training:

Will train for 2 weeks @ no cost Specializing in kitchen, bathroom, and basement remodels, this business also provides other services such as wet bars, wine cellars, attic/garage conversions, hardwood floor installation and refurbishing, tile installation, egress windows and walkouts, and can provide service to its clients whether they need a simple update or a total transformation. Licenses required include a minimum Class B Contractor's License (but prefer Class A). Master electrician and master plumbing licenses will also be needed if you want to do the permitted work in-house.

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Business Listed By:

William IIgenfritz

Murphy Business Brokers