Recently available for this thirty-five-year young company due to Owner’s retirement. The company consists of a general home Improvement company specializing in high-end quality kitchens and baths which represents 90% of the yearly sales. The company which is a full-service construction company serveries residents in Northern New Jersey. This is a family owned and operated company and they specialize in complete home renovations in addition to new construction, and additions. They are also approved as a full-service remodeling company for all indoor and outdoor construction projects. The company has a 2023 gross income of $3,505,253 and a net yearly income of $535,867. They offer the ultimate home experience which improves aesthetics and elevates the functionality and comfort of one’s home. The company offers the highest quality products representing an average 40% markup for each project. This company offers tailored design consultation services to ensure their clients are fully satisfied. As a fully licensed general contractor with a rich history of experience, no task is too big or intricate, from designing a kitchen or constructing the perfect alfresco entertainment zone, they are experts in the industry. Their primary objective is to offer their clients a diverse range of expertise, top-notch quality, knowledge, and unparalleled professionalism paired with exceptional customer service. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
- Asking Price:
- $1,525,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $3,503,441
- Cash Flow:
- $535,867
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
This sale will offer a fifteen-year commercial lease at a $10,000 monthly rent, $32.00 per square feet, with an option to purchase the real estate.
- Leasehold Rent:
-
$120,000 per annum
- Lease Rent:
- $35 per sq ft per annum
- Location:
-
This business opportunity is located in north central New Jersey, Hunterdon County conveniently located to their customers and on a highly active highway. This business facility consists of approximately 4,000 square feet with an ultra-modern, attractive, and professional appearance consisting of numerous displays and separate offices which maintain their employees. The business is in a free-standing retail facility, with substantial private parking.
- Premises Details:
-
Ultra modern facility.
- Size in square feet:
- 4,000
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company can be further developed by further improving the marketing and general advertising, in addition to increasing its services such as roofing and siding, etc. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, no other new competitors are expected near as a competitor to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner retirement after many years of success in this particular service industry.
- Trading hours:
-
Days Hours of operation; this business is active six days per week, closed Sunday with hours from 8:00 am to 5:00 pm.
- Employees:
- Regarding employees and payroll, this retail remodeling company consists of eighteen plus full-time employees who are unaware of the pending sale. The staff consists of various administrative workers, carpenters, painters, and general construction workers. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $58,000.
- Years established:
- 1991.
Other Information
- Support & training:
-
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $285,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price
- Relocatable:
- This business can be relocated.
