Turn-Key Remodeler Specializing in Kitchen & Bath Renovations

South East

61087 -1
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Asking Price: N/A

Cash Flow: $279,000

Gross Revenue: $2,100,000

EBITDA: $139,000

FF&E: N/A

Inventory: N/A

Established: 1995

Turn-Key Remodeler Specializing in Kitchen & Bath Renovations

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Business Description

The Company is a turn-key residential remodeler specializing in kitchen and bath renovations. It offers home renovations of all scales, specializing in the customization of kitchens, baths, and interiors, with focused attention to functionality and aesthetic appeal. The Company has developed an efficient and fluid process that begins with gathering customer information to qualify the customer. Afterwards, the Company performs a house call; then, reviews the project and plans the budget before beginning construction. The average kitchen remodel ranges from $50,000 to $60,000 and is about 10 weeks in duration. The average bathroom remodel ranges from $25,000 to $30,000 and is about 8 to 9 weeks in duration. The Company utilizes subcontractors for trades that it is not licensed to perform such as electric, plumbing, and HVAC services. In 2017, the breakdown of revenue included: Kitchen Remodel (40%); Additions (10%); Bath Remodel (30%); Cabinet Sales (10%); and Attic or Basement (10%). The Company’s target customers are local homeowners with the majority being 40 to 60 years old. Prior to 2008, the Company performed services for home builders. With the economy growing stronger, management believes the Company could begin reaching out to home builders again to increase its customer base. The owner is supported by a team of 7 full-time and 2 part-time, non-union employees. The Company operates from a facility that includes a showroom, retail space, and office space. The facility is conveniently located less than a mile from a nearby interstate.

Attached Documents


Detailed Information

Employees:
9
Reason for Selling:
Exit planning for retirement purposes
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(from currently available funds)
 
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Donald Sawyer

Business Listed By:
Donald Sawyer

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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