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Listed by:

The Firm

Home Remodels And Additions In Lincoln For Sale

Lincoln, Nebraska, US
Asking Price:
$640,000
Sales Revenue:
$1,174,836
Cash Flow:
$264,884

This home remodeling company in Lincoln has had year-over-year sales growth since 2017 and a 23% profit margin in 2020! This well-established business specializes in kitchen and bath remodels, additions, finish carpentry, and custom cabinetry design and installation. Serving Lincoln and surrounding communities for nearly 30 years, this highly skilled design staff offers an unmatched experience from beginning to end. Clients include remodeling homeowners looking for a tune-up or additions, and residential/commercial contractors looking for interior finishes in a newly built home. A solid team is already in place; an office manager handles all incoming phone calls and e-mails from new and existing clients, as well as quoting, invoicing, scheduling, and ordering. A project manager runs the jobs on site, and 6 experienced laborers make sure the work is top notch from start to finish.

Home remodeling and additions account for 50% of their revenue, 40% is finish carpentry, and 10% custom cabinetry. Assets include $78,000 worth of portable equipment, shop equipment, and hand tools used by three crews of laborers.

Growth opportunities are endless. Adding another project manager would allow the company to take on more jobs. The demand for home remodeling and additions has increased in recent months due to lower interest rates on home loans and construction loans. Priced at $640,000, a 10% down payment of $64,000 returns $182,355 in the first year after debt payments – a 285% return on investment.

Property Information

Real Estate:

Lease

Location:

Lincoln, NE

Premises Details:

Lease: 3,500 square feet

Business Operation

Expansion Potential:

Add another project manager to take on more remodels.

Reasons for selling:

Retirement planning

Employees:
9: 1 owner, 1 office manager, 1 project manager, 6 laborers
Years established:
1992

Other Information

Support & training:

6 months - 1year

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

Purchase Price: $640,000

10% Buyer Down Payment $64,000
10% Seller Financing or Equity $64,000
80% Bank Loan $512,000

A 10% down payment of $64,000 returns $182,355 in the first year after debt payments!

Related Documents:

Contact The Firm

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