Home Improvement - Garage

Cedar Rapids, IA (Linn County) (Relocatable)

Seller Financing Available
Home Improvement - Garage
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Asking Price: Get Financing: $140,000

Cash Flow: $71,000

Gross Revenue: $151,000

EBITDA: N/A

FF&E: $38,681

Inventory: $13,000*

Lease Rate: $1,200 /SF/Month

Established: 2017

*not included in asking price.

Home Improvement - Garage

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Business Description

Home improvement company specializing in making residential garages more organized, functional and attractive.The company custom designs (3D), procures and installs solutions per the customers’ requirements. Solutions include cabinets, shelving, overhead storage and flooring (coatings and tiles). Exclusive distribution agreement with leading garage systems manufacturer.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The physical location is a 2400 square feet Shop and Office Space: it is not a showroom or retail space. The owner assembles product in the shop for installation at the customer premises. Vehicles are stored inside the shop. The lease is $1200/month.
Growth & Expansion:
The garage improvement business is booming. Although home improvement contracting has been around for decades, garage specific emphasis is relatively new. The demand for garage improvement appears to be high.
Support & Training:
Yes. Current owner will provide initial transitional support. Additional initial and ongoing support available from manufacturer.
Reason for Selling:
Owner offered a tremendous opportunity in another field.
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(from currently available funds)
 
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Jeff Hennessey

Business Listed By:
Jeff Hennessey

The Jennessey Group, LLC

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