Recession Resistant, Growing Remodel Company

King County, WA

Seller Financing Available
Recession Resistant, Growing Remodel Company
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Asking Price: $850,000

Cash Flow: $404,369

Gross Revenue: $1,266,356

EBITDA: N/A

FF&E: $18,000

Inventory: N/A

Rent: $1,500 /Month

Established: 2015

Recession Resistant, Growing Remodel Company

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Business Description

Strong brand, strong lead relations, and a recession resistant business model make this re-build/remodel company an ideal business, which is poised for growth. After a year of growth the company was growing out of control and losing profit margin. The owner cleaned house in 2017 cutting employee count from 35 down to 8 crewmembers, and now has an all-star team set to make more profit with half the revenue!

Projects/jobs are provided to this company through insurance providers, remediation companies, and referrals. About 80% of the projects are residential, companies like ServPro, ServiceMaster, DKI, etc utilize this firm to complete the rebuilds after their remediation work. This is a recession resistant model! People will need rebuilds and renovations in good or bad times, and getting jobs from insurance providers and remediation companies as a preferred partner is a huge competitive advantage.

The owner has built and sold one business under the same branding prior. That business is located in Chicago, IL. After 4 years in Seattle, seller has determined they are relocating to Austin, TX. This sale will include a non compete for WA State for buyers protection. Seller plans to offer continuing support with the working relations with current vendors, strategic partners, and to continue to support the Seattle and Chicago locations, and the buyer.

This year the business is trending to do $1.2M in sales, and net 25% for a seller discretionary income of $250k+.

Detailed Information

Real Estate:
Leased
Building SF:
3,900
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Strong brand, strong lead relations, and a recession resistant business model make this re-build/remodel company an ideal business, which is poised for growth. After a year of growth the company was growing out of control and losing profit margin. The owner cleaned house in 2017 cutting employee count from 35 down to 8 crewmembers, and now has an all-star team set to make more profit with half the revenue! Projects/jobs are provided to this company through insurance providers, remediation companies, and referrals. About 80% of the projects are residential, companies like ServPro, ServiceMaster, DKI, etc utilize this firm to complete the rebuilds after their remediation work. This is a recession resistant model! People will need rebuilds and renovations in good or bad times, and getting jobs from insurance providers and remediation companies as a preferred partner is a huge competitive advantage. The owner has built and sold one business under the same branding prior. That business is located in Chicago, IL. After 4 years in Seattle, seller has determined they are relocating to Austin, TX. This sale will include a non compete for WA State for buyers protection. Seller plans to offer continuing support with the working relations with current vendors, strategic partners, and to continue to support the Seattle and Chicago locations, and the buyer. This year the business is trending to do $1.2M in sales, and net 25% for a seller discretionary income of $250k+.
Growth & Expansion:
- Continue focus on quality personnel and monitor profit margins - Run multiple teams to keep up with demand - Utilize owners relations with remediation companies and insurance providers
Financing:
450000.00
Support & Training:
4 weeks
Reason for Selling:
relocating
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Contact the Seller

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Kevin Moen

Business Listed By:
Kevin Moen

Transworld Business Advisors Renton

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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