37279-Residential Renovation Services and Retail Sales

TX

37279-Residential Renovation Services and Retail Sales

Asking Price:$2,100,000

Cash Flow:$185,000

Gross Revenue:$2,005,000

EBITDA:$45,000

FF&E:$350,000

Inventory:$20,000

Real Estate:$800,000

Established:1979

37279-Residential Renovation Services and Retail Sales

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Business Description

This full service home remodeling company located near Houston Texas, provides residential renovation services from concept to completion. This profitable company specializes in selling, remodeling and installing floor coverings, cabinets and counter-tops, along with in-house designers who are dedicated to giving the client the best experience possible. They offer a staff of highly skilled painters, carpenters, drywall finishers, locksmiths, maintenance experts, flooring installers and solid surface fabricators to help clients imagine their home decorating and remodeling dreams. Their services to aid the client in remodeling efforts include kitchen and bath remodel, shower pan replacement, home remodeling, new construction, painting – interior and exterior, drywall repairs, color consultation, door and window replacement. They have a beautifully done, modern website that is easy to navigate through. They are authorized dealers of Corian, Cambria, Mohawk, Shaw, Karndean, Dal Tile, In Lite, and Best Bath. This company offers a new owner a successful business with stable revenues and good market growth. For more information on this listing, contact us today.

This wonderful home remodeling company has been in business since 1979 with the current ownership and after years of hard work and loyal customers standing true throughout the years, the current owners are ready to retire and see a new owner take it to the next level. This Texas based business for sale is a great opportunity to take a business that is already successful and build on that foundation to secure your future. This business could be operated in a hands-on or absentee fashion giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenue, 66% come from remodeling, 18% comes from floor coverings and 16% comes from cabinets and counter-tops. Inventory, property, vehicles and equipment are included in the sale.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business offers three buildings totaling 11,870 sq. ft. The retail showroom is 1960 sq. ft., the offices and warehouse are 6160 sq. ft on a subdivision lot with high residential traffic near a freeway. A fabrication shop is 3750 sq. ft. on an industrial lot. The buildings are in good condition and included in the asking price.
Competition:
30% repeat clientele. The company has been in business for 35 years with an excellent reputation in the market place and a loyal customer base of 2,000.
Growth & Expansion:
Possible growth and profit increasing opportunities for a new owner would be to: increase marketing activities, increase product lines, expand into commercial contracting and subcontracting addition of new locations in surrounding cities. The owner has started slowing down over the past few years, a more proactive owner could easily grow the business with more modern techniques.
Support & Training:
Key employees will most likely stay on after the sale. The foreman is being actively trained for management. The owner is available for a reasonable transitioning period.
Reason for Selling:
Approaching retirement.

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