Superior Cabinet Painting, Flooring and Kitchen Restoration Services

Dutchess County, NY

Seller Financing Available
kitchen restoration services
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Asking Price: $297,500

Cash Flow: $176,106

Gross Revenue: $687,000

EBITDA: $69,600

FF&E: $76,537

Inventory: N/A

Rent: $2,100 /Month

Established: 2012

Superior Cabinet Painting, Flooring and Kitchen Restoration Services

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Business Description

Floor and Kitchen Cabinet Refinishing and Countertops

The company specializes in wood cabinet renewal services, floor refinishing, cabinet painting and replacement doors and drawers for kitchen and bathroom cabinets.

Company owns and operates three wood refinishing franchise territories that cover all of Dutchess and Putnam counties, Westchester County north of I-287 and Orange County east of Route 17. We also work in surrounding areas of the Hudson Valley.

The company specializes in a unique form of wood renewal and refinishing that is designed to make the process quicker and more convenient than the traditional process. Our systems are less dusty, virtually odorless and can be completed in a fraction of the time.

The company also sells quartz and granite countertops to homeowners and businesses. The countertops business began as a way of increasing revenue by selling countertops to our flooring and cabinet customers.

The company is poised for continued growth. The company spent most of 2018 revamping and expanding the business and moving to a new location. Currently they are booking of more than 8 weeks of work in advance.

Our products and services:

Wood cabinet renewal services – restoring existing cabinets, color changing existing cabinets, replacing doors/drawers and color matching.

Wood floor refinishing services – non-sanding renewal services, dustless sanding of wood floors.

Ultraviolet Cure – The only company that offers UV cured wood finishes for a stronger, durable finish.

Countertops – Granite and Quartz countertop installations

Misc services – installing moldings, crown molding, roll out trays, lazy susans, kitchen islands and other light carpentry items.

The countertop operation grew 20% in 2018. The goal for 2019 is to grow the company by 20%.

Detailed Information

Location:
Dutchess County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/31/2022
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All furniture, operational equipment, franchise territories and licenses, and vehicles.
Competition:
Our primary target market is households with combined income of $100-150k. The area served has a large percentage of homes with wood floors and a demographic that fits the income threshold. Another sub-target are business such as hospitals, doctors offices and other medical facilities are require antimicrobial materials and processing. Our business environment is a very positive one for our company. We really do not have much competition for our combined services.
Growth & Expansion:
There are over a hundred other companies that offer wood floor refinishing in our area, but no one offers UV curing and most do not practice non-toxic and dustless methods so we still have a great niche in the market as far as that is concerned. We are currently advertising at about 1/2 of what we could be advertising but we have enough business to keep us busy and profitable. By simply increasing advertising, the business could be more than double.
Support & Training:
Owner would be willing to train the new owner during the transition period of 4-8 weeks. Following the transition, owner will remain available for a period of up to 12 months if needed.
Reason for Selling:
Owner wants to focus on other business operations
Franchise:
This business is an established franchise
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Business Listed By:
Krayton Davis

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