Home Improvement and Remodeling Company

Katy, TX (Harris County)

Seller Financing Available
Home Improvement Company
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Asking Price: $1,150,000

Cash Flow: $449,188

Gross Revenue: $3,443,968

EBITDA: N/A

FF&E: $113,200

Inventory: $72,500

Rent: $5,838 /Month

Established: 1999

Home Improvement and Remodeling Company

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Business Description

The company is a family-owned, flooring, countertop, kitchen and bathroom remodeling company. They've been in business for over 19 years and offer sales and installation of ceramic, porcelain & natural stone tile as well as granite & quartz counters, carpets, hardwood, laminate & luxury vinyl flooring. They also offer full home, kitchen and bathroom remodeling services.

The target market for their products and services is within a 15 to 20 mile radius of their Katy, Texas location with the majority from new and growing housing developments within the local community.

The company’s clientele consists mainly of individual homeowners. These homeowners are typically middle to upper income homeowners who tend to be in their forties and older. The majority of their business is generated through repeat customers from previous jobs, referrals from their extensive data base of satisfied customers and from walk-ins at their retail location. Because of the company’s proximity to the energy corridor in Houston, a large portion of their clients are well educated professionals and engineers.

The remodeling industry is primarily known for having a multitude of niche operators. There are many companies who specialize in one facet of the home improvement/remodeling industry. This company handles ALL aspects of the remodeling process, they assemble the right team of outside contractors and manage the project to insure completion in a timely and efficient manner. They are one of the few companies in the area who offer this full-service approach to the home improvement process.

The company receives a large majority of clients from their large data base of satisfied clients they have developed over the last 18-years. Their professional company website is an important piece of their customer generating tools. They also receive many calls through the local Yellow Pages web site. A new growing resource is a website called Next Door which posts reviews and articles about local businesses and is fast becoming the go-to resource for resourcing companies for home improvement projects.

Detailed Information

Location:
Katy, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,554
Lease Expiration:
8/15/2018
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company has a retail location in a strip shopping center. The retail location is 3,304 sq. ft. There is also a storage facility for equipment and inventory located next to the shopping center that is 1.250 sq. ft. in size. Both leases expire this year and the current owner will renew both.
Competition:
The company competes in the very competitive home improvement market but because of their full service approach and customer service orientation. Their business continues to grow due to their high customer ratings and referrals from many satisfied customers.
Financing:
Partial Seller financing negotiable for the right Buyer
Support & Training:
The owners are willing to supply 4 weeks of transition training included in the sales price and will consider a longer period with the negotiation of an employment/consulting agreement to be completed separately form the purchase contract.
Reason for Selling:
The owner's are ready to retire and spend more time with family.
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Brad Tait

Business Listed By:
Brad Tait

Tait & Associates Business Brokers

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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