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Listed by:

Cincinnati Business Brokers

30+ Year Remodeling Co. - $270K Cash Flow For Sale

Cincinnati, Ohio, US
Asking Price:
$749,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,015,000
Cash Flow:
$270,000

The retirement aged owner of this premier luxury residential design – build firm has a very strong reputation in Greater Cincinnati’s most affluent neighborhoods. Blessed with over 160 years of existing employee service and over 170 years of existing subcontractor service, a buyer will be able to transition quite nicely into operating this company. The price includes all inventory, equipment, and 9 vehicles valued at over $260,000.

The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

Long term clients
SBA loan qualified
70% repeat business
Much potential for growth
No accounts receivable issues
Real estate available to purchase
Virtually all word – of - mouth advertising
Clean books and records – all numbers are verifiable

Property Information

Real Estate:

Lease

Premises Details:

The company operates out of a beautifully decorated 1,800 square foot office. The warehouse is 1,500 square feet which is sufficient to handle their needs quite well.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

There is a one – year project backlog with steady annual volume of around 30 projects. The owner currently turns down quite a bit of work that comes his way because of the backlog. A more aggressive and energetic buyer could hire more employees / subcontractors and pursue more projects just through the current flow of incoming calls that come into the office.

Competition / Market:

About 70% of their business is from previous clients including multi - generational families. The balance of their sales comes from referrals. The company does no marketing.

Reasons for selling:

The owner is of retirement age and wishes to retire after a successful transition to a buyer.

Trading hours:

Monday thru Friday

Employees:
10
Years established:
30

Other Information

Support & training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Financing available:

SBA loan eligible

Furniture / Fixtures value:
$260,000 - included in the asking price
Inventory / Stock value:
$2,000 - included in the asking price