Annual Revenue: $4,500,000
Net Cash Flow: $800,000
Location: NYC, New York
This company has been sold. Very profitable interior renovation company serving an affluent and loyal client base offered for immediate sale. Over 11 years, the business has methodically and painstakingly cultivated outstanding relationships with property owners, managers, maintenance staff and design professionals resulting in “favored son” treatment in bid awarding.
Projects range in scope from gut rehab to painting to fabrication and installation of custom mill-work. The company has deliberately chosen to limit its geographical reach to the relatively small but well-heeled area of the Upper East Side/Park Avenue in Manhattan optimizing efficiency and permitting management of multiple jobs simultaneously. This lucrative area is terribly difficult to penetrate and management estimates this “digital rolodex” alone is worth the asking price.
Corporate office and fully equipped factory/mill are conveniently located in nearby Long Island City, and allow the firm to take on even the most difficult build to spec jobs. The company’s commitment to providing “white glove” service and quality workmanship has permitted sustained growth and profitability, and ensures a new owner a stable base of revenue and income.
Income can be geometrically increased through expansion of their target market area within Manhattan and into the outer boroughs, as the company’s wealthy customers typically maintain multiple residences or are serial investors. Indeed, current owners concede that they have turned away millions of dollars in projects that fell outside their desired geographical preferences. Additional opportunities to increase top and bottom line numbers include creation of a marketing strategy (all revenue presently based exclusively on word-of-mouth), greater use of subcontractors, and streamlining costs.
Completing the offering is all equipment, inventory, key managerial employees willing to stay on and an owner ready to remain during an extended transition period.