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Listed by:

Neumann Associates

Cash Flow Strong Kitchen & Bath Remodeling Contractor For Sale

Central New Jersey, New Jersey, US
Asking Price:
$1,830,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$5,250,000
Cash Flow:
$730,000

This well-known High End Home Remodeling Contracting Company has provided reliable and high-quality sales, services and support (primarily kitchens and bathrooms) to an impressive roster of regional homebuilders and homeowners for over 40 years. The Company has experienced stable revenues and enjoys high operating margins with documented profitability.

The Company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.2 x EBITDA (2025). A full valuation report is included and there is $200k in Net Working Capital plus another $250,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain close to $400k benefit in after-acquisition- debt cash flow in Year #1 – over 100% return on equity investment.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Property Information

Real Estate:

Lease

Location:

The seller’s 12,000 SF owned showroom facility is in a prime location with very attractive lease terms. This income producing property with long-term tenants is available for purchase with the business under separate agreement.

Business Operation

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

It is projected that a new owner will obtain compelling additional growth by expanding sales and marketing efforts with an investment of $100k to $200k per year - an accelerated revenue growth rate under such premise is projected to be 10% to 20% per year.

Competition / Market:

The Company enjoys a distinct competitive advantage by leveraging its impeccable reputation, ideal location, impressive showroom and a “customized solution” to provide its diverse client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management, sales team and dedicated personnel in place.

Reasons for selling:

Retirement (consulting available)

Employees:
15
Years established:
1985

Other Information

Support & training:

A comfortable transition period will be provided by an owner who truly wants to continue to see the business flourish. A very well-trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$0.4m Seller financing plus $1.1m Bank financing subject to buyer qualification

Furniture / Fixtures value:
$250,000 - included in the asking price
Inventory / Stock value:
$200,000 - included in the asking price