With higher interest rates, less people are moving – demand
for remodel is up! Design, Remodel and Project management
for homeowners with residential renovations including kitchen
& bath, countertops & cabinetry and home additions. They
have a team of skilled professionals who can transform any
room into a beautiful and functional space. The dedicated
team includes: two carpenters, one designer, one marketing
professional, and one bookkeeper. The owner is active,
providing leadership, overseeing estimates, and meeting with
his team. The owner does NOT do any design work or labor.
This can be run remotely. The business operates out of a
2,400 square foot showroom for only $1,887 per month. The
reason for selling is the owner's retirement planning, though
he is looking forward to staying on board for 2-3 years. The
owner is willing to finance 10% of the purchase price in order
to show his vested interest in the continued success of the
business post-close.
Priced at $990,000, a 10% down payment of $162,082 will
return $162,082 in the first year after debt payments! A 163%
return on investment! Their full-service approach covers all
aspects of interior design, including bathroom remodeling,
cabinet installation, and home design.
- Asking Price:
- $990,000 Furniture / Fixtures included
- Sales Revenue:
- $2,685,066
- Cash Flow:
- $310,097
Business Operation
- Expansion Potential:
-
Growth Opportunities: Adding more staff members to handle
the influx of work
- Reasons for selling:
-
Age – retirement planning
- Employees:
- 5
- Years established:
- 1990
Other Information
- Support & training:
-
2-3 years if desired by the buyer
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
10% Buyer Down Payment $99,000
10% Seller Financing $99,000
80% Bank Loan $792,000
- Furniture / Fixtures value:
- $454,576 - included in the asking price
- Relocatable:
- This business can be relocated.