Advertisement
This high-end residential remodeling business, family-owned for six decades is the object of a confidential sale process to transition ownership.
With virtually no advertising expense, the business operates with a stellar reputation in Fairfield, New Haven, and Litchfield Counties which are among the wealthiest and most-house-focused demographics in America.
Lease
This high-end residential remodeling business operates out of a modern, highly attractive, custom-built showroom and offices on a main, high-volume road, consisting of a 1,824 SF Commercial Building on 0.48 Acres (zoned C01) on the main N-S thoroughfare of a town located in Western New Haven County, but contiguous with both Fairfield and Litchfield Counties.
The buyer of the business ($400,000) has the option:
(1) Purchase the real estate (preferred by the Seller)
(2) Lease the real estate for $48,000 NNN
(3) Relocate or consolidate the business into existing operations.
Western Connecticut's high-end residential remodeling industry experienced a spike in revenues and activities during COVID as the area saw an increase in home purchases, values, and renovation projects.
The increase in interest rates has put a dampener on home sales, but as owners stay there has been little pause in the level of home upgrades for kitchens and bathrooms.
The high-end residential home remodeling business is highly fragmented.
This business competes on its reputation in the market and with its long-time, highly trained employees.
Retirement.
Monday-Friday 8am-5pm.
Will train for 4 weeks @ $0 cost.
Lender pre-screened with $80K down.
