Exterior Renovation/Remodeling Contractor

Kitty Hawk, NC (Dare County)

Seller Financing Available
Exterior Renovation/Remodeling Contractor

Asking Price:$1,295,000

Cash Flow:$552,000

Gross Revenue:$3,840,000

EBITDA:N/A

FF&E:$185,000

Inventory:N/A

Established:1985

Exterior Renovation/Remodeling Contractor

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Business Description

SBA Pre-approved. This 27 year old business is a highly profitable renovation/remodeling company located in an exclusive resort area, one of the top vacation rental markets on the east coast.

Several factors combine to make this a very attractive and unique business opportunity:

1) the business has been strategically located to take maximum advantage of the unique market it serves;
2) nearly all homes in the area are very large vacation rental homes;
3) a vast majority of homes are owned by out-of-state owners in need of a reputable company they can trust; 3) harsh environmental conditions that constantly wreak havoc on coastal properties;
4) substandard building practices employed by area builders as the community exploded in growth over the last 20 years and;
5) periodic storms that frequent the area further enhance revenue opportunities.

Customers include: individual homeowners, commercial property managers, condominium management associations and resort property management companies. Outstanding books and records; revenues and profits have continued to increase steadily each year. 2013 is on track to exceed $3.8M and $500,000 in cash flow. The company maintains a significant backlog of contracts that will be transferred to buyer. Management has been diligent in training company employees as evident in certifications the company holds from multiple manufacturers. Well established relationships with vendors and sub-contractors.

Seller has accumulated significant personal assets and would like to retire in order to travel. Business has been pre-approved by SBA Lender/s for a buyer with management and/or construction industry experience. Marketing package, including detailed company video, available upon signing of Confidentiality Agreement. Contact broker for details.

Detailed Information

Employees:
33
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located on main thoroughfare with high visibility. Office space comprises approximately 950 ft2 with additional, ample storage space for equipment and materials.
Competition:
Limited competition; this business enjoys distinct competitive advantages that will be disclosed upon signing of Confidentiality Agreement.
Growth & Expansion:
Business currently does very little advertising, choosing to rely almost exclusively upon referrals and repeat business. Several avenues exist for a more aggressive owner to increase revenue and expand services offered.
Support & Training:
Seller will provide ample training and consultation to ensure a successful transition.
Reason for Selling:
Seller is ready to retire and travel.

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Jeffery Baxter

Business Listed By:
Jeffery Baxter

MidStreet Business Sales

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