Business Summary:
BUSINESS SOLD FOR ALL CASH. Buy this home remodeling business and get your share of the booming construction business profits. Discretionary Earnings of the business rose to $325,675, 12/31/15 from $182,167, 12/31/14! A 78.8% increase. Residential remodeling company with a diversified customer base that does 15 to 20 projects per year mostly for affluent homeowners. Nearly 100% of business is from referrals. The company’s usual remodeling projects range from $3,400 to $250,000. The company has a business manual for all office procedures and an A+ rating and is an accredited business with the BBB. Seller is happy with the size of the business and profits so he has done little advertising and marketing for years. The growing economy and strong housing market make this well run and well managed business even more attractive!
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| Year
Business was Established: 1992 |
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| Number of Employees:
1FT/1PT |
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| Facilities / Terms of Lease:
Approximately 1,000 sq. ft in an industrial park. Rent is $805 per month. Lease is until 10/31/15. Lease can be extended or business can be moved close to the buyers home. |
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| Potential
Growth/Expansion:
New owner can do more marketing and advertising. Expand by adding an employee or 2 and bring a trade in house and increase profit margins. |
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| Owner
willing to finance:
Down payment $80,000. Seller will finance $30,000 for 60 months in second position at 5.25% annual interest, monthly payment $570. Business is pre-qualified for a SBA loan of $265,000 over 120 months @ 5.5% annual interet, monthly payment $2,876.. |
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| Owner
willing to train:
As needed included in the sales price. Seller is available part time after training for pay. |
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| Reason for selling:
Seller is burnt out. |
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Seller Reference Number: 6280
BusinessMart.com Listing Number: 174540 |
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