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Cincinnati Business Brokers

Home Improvement Co - $255K Cash Flow For Sale

Cincinnati, Ohio, US
Asking Price:
$619,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,730,000
Cash Flow:
$255,000

The retirement aged owner of this residential home improvement company has a very strong reputation in Greater Cincinnati’s neighborhoods. Their capabilities include remodeling kitchens, bathrooms, family rooms as well as outdoor spaces including room additions. 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:

SBA loan qualified
Lots of 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 an 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 always a pipeline of work that exists. The seller is confident that any buyer, no matter when the company sale would happen, will have plenty of work to keep the company and its employees busy for a good period of time.

Competition / Market:

A lot 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