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HIGHLY PROFITABLE-Residential Renovation and Design Business

MD (Relocatable)

HIGHLY PROFITABLE-Residential Renovation and Design Business
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Asking Price: $985,000

Cash Flow: $311,463

Gross Revenue: $1,633,095

EBITDA: N/A

FF&E: $10,716

Inventory: N/A

Established: 2007

HIGHLY PROFITABLE-Residential Renovation and Design Business

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Business Description

$300,000+ owners salary/ Lender Pre-Qualified Loan!

This contractor business offers a full scope of services from design to home improvement. The design services specialize in updating existing space, utilizing personal items, accessorizing and transforming a room to an exceptional living space based on the clients needs. With over 20 years of professional home improvement experience, licensed and insured, they have many satisfied long time clients. They have designed bathrooms, kitchens, basements and many more complex projects.

Detailed Information

Employees:
6 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The studio is 1350 sq. ft. Rent $1194 per month. Lease is through 4/30/2021 with a five year option.
Competition:
The design and home improvement market is very competitive. This company has carved out their differentiation to deliver a quality dependable service which stands out from the competition. They have a substantial amount of repeat business.
Growth & Expansion:
The business is doing so well and is highly profitable, however, there is still room for tremendous growth. The owners choose not to take on more opportunities to keep income and growth at a certain level.
Financing:
Lender pre-screened with $197k down.
Support & Training:
Will train for 14 weeks @ $10k cost. This contractor offers design work and home improvement general contracting services.
Reason for Selling:
The owners would like to do something else and work towards retirement.
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Michele Pouliot

Business Listed By:
Michelle Pouliot

Murphy Business Brokerage in Maryland

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