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Kitchen-&-bath Remodeler With 8% Net Income! (37842) For Sale

Treasure Coast, Florida, US
Asking Price:
$450,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,342,000
Cash Flow:
$240,000

Prequalified at full asking price by a preferred lender! Situated in the Treasure Coast of Florida, the business specializes in remodeling and design services, plus a range of flooring and countertop products for kitchens and baths in-county.

Providing a year’s warranty on labour, the company also offers the removal of the old cabinetry and installation of new material, such as lumber, marble surfacing, luxurious granite, tiles, and more. Boasting three decades of ongoing experience and strong reputations, Revenues for 2022 reached $1,342,000 alongside Discretionary Earnings of $240,000 and over $142K in EBITDA.

The property is a set of two workspaces that together measure 7,500 square feet and feature leasehold improvements of $50,000, including areas for both storage and showroom purposes. Expiring in 2023 with options to renew, the Real Estate holds an annual tenancy of $42,000 and is found in excellent condition, zoned for industrial use to handle additional capacity.

Through years of ongoing experience and great reputations, potentials for growth are presented, such as partnerships with suppliers and strategic intents to expand client outreach.

With no individual client making more than 10% of their 2021 income, the company enjoys flexibility and offers new optimizations to attract different markets and for a sales increase. Reliable and long-standing personnel of six nonunion employees are most likely to remain post-sale and continue with quality operations after a transition period of three months.

Besides maintaining a website and social media engagement, advertising efforts rely on word-of-mouth referrals and generational loyalty from their large and rotating customer base. Financials are based on an independent evaluation!

Property Information

Real Estate:

Lease

Lease Terms:

Holds an annual tenancy of $42,000.

Location:

Two property combo features $50,000 of Leasehold Improvements.

Size in square feet:
7,500+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday

Employees:
6 nonunion.
Years established:
Started in 1995; Acquired in 2003.

Other Information

Support & training:

Owner Transition period of 3 months.

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

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$175,000 - included in the asking price
Inventory / Stock value:
$100,000 - included in the asking price