Profitable Interior Design and Construction Business

CO

Luxury Interior Design
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Asking Price: $450,000

Cash Flow: $180,000

Gross Revenue: $450,000

EBITDA: $180,000

FF&E: $35,000

Inventory: N/A

Rent: $2,600 /Month

Established: 1997

Profitable Interior Design and Construction Business

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Business Description

Profitable Interior Design and Construction Business

Turnaround opportunity! Established, well-respected and profitable interior design and construction business offers huge growth potential to a skilled interior designer and construction professional or designer/contractor team. The mom and pop owners have drastically scaled back the scope of their business in anticipation of their retirement, but their strong client relationships stand waiting to be served by the right new owner or owner team. Both "mom and pop" are willing to remain involved with the business as consultants to the new owner to help bring sales back to the $5mm - $9mm/year range which were generated as late as 2017. 2017 pre-tax net income was $613k on $5.8mm in gross sales.

Detailed Information

Real Estate:
Leased
Building SF:
1,040
Lease Expiration:
3/31/2020
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully equipped office/showroom with meeting/conference room, combined with vehicles, equipment and trailers makes this a turn key opportunity for the qualified buyer or buyer team. Although the current lease expires on 3/31/2020, the landlord is amenable to leasing the space to the new owners of the business on a short-term or long-term basis.
Competition:
This business' existing client relationships are sufficient to generate enormous growth for the new owner. The new owner or owners must be prepared to live in the local market that the business serves and to meet with clients in person on a regular basis.
Growth & Expansion:
Hiring/re-hiring additional interior designers and hiring/re-hiring a construction crew would be necessary to bring the business back to $5mm - $9mm/year in sales and $500k - $800k/year in pretax net income.
Support & Training:
6 weeks at no additional cost, additional consulting services available by mutual agreement between buyer and seller.
Reason for Selling:
Retirement.
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(from currently available funds)
 
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John Hornblower

Business Listed By:
John Hornblower

VR Business Brokers Aspen, CO

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