High End Residential Remodeling Company

VA (Relocatable)

High End Residential Remodeling Company
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Asking Price: $430,000

Cash Flow: $155,947

Gross Revenue: $1,039,858

EBITDA: N/A

FF&E: $55,613

Inventory: N/A

Established: 1996

High End Residential Remodeling Company

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Business Description

Turnkey operation - Class A Contractor License required

For over 20 years, this company has renovated hundreds of homes in Central Virginia with everything from a simple bathroom upgrade, full kitchen renovation, or the addition of an entire second floor! With a reputation for quality, this company has earned the trust of demanding, up-market customers. Clientele consist primarily of high-end home owners who want to renovate their homes in the Central Virginia area. Average job brings in $80-$110K.

Its 5 full time employees include 2 lead carpenters plus a helper. The business has built strong relationships with key 1099 subs, most of whom work almost exclusively with this company. All have been fully vetted to ensure they can meet the high standards and expectations of this premium service.

Detailed Information

Employees:
5 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company maintains a 2200 sq ft facility located in an office suite complex. The facility provides office space and a showroom, as well as an air conditioned storage space with loading dock. The 90-day rolling lease is $2300/month and it is anticipated that the new owner will be able to negotiate a longer term lease.
Competition:
The demand for home renovation in Central Virginia is very strong in a booming housing industry. As the price of new homes continues to rise, many homeowners have decided to turn their current residence into a place they love. While there are many home renovation companies in the area, very few have the history and reputation for top level service that this company enjoys. Many companies struggle to find good workers but this company is able to leverage long-standing relationships with the best craftsmen in the region to get the job done.
Growth & Expansion:
Growth potential is limited only by the ambitions of the owner! There is plenty of work in the area and ample opportunity to take on new (and different) jobs. With a trained staff and sub trades in place, all this company needs is a great leader to take it to the next level.
Financing:
Lender pre-screened with $86k down.
Support & Training:
Will train for 2 weeks @ $0 cost. *** CLASS A Contractor's License Required *** The buyer must possess, or have the ability to easily obtain a Class A contractors license in Virginia.
Reason for Selling:
Owner is retiring.
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Michael Metzger, CBI

Business Listed By:
Michael Metzger

Murphy Business & Financial Corporation, LLC

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