Home Improvement Design Company for sale includes real estate
Price: $2,795,000
Annual Revenue: $4,500,000
Net Cash Flow: $530,000
Industry: Construction
Location: Fairfield County, Connecticut
The owner is selling due to permanent retirement. The owner started this business as a family business over 25 years ago. The owner has established the company as the premier go-to showroom, design center, and home improvement center focused on a very narrow market segment. Over the years, the company has proved to be the premier go-to location for homeowners, contractors, and designers. The staff is fully trained and well-managed. They are operating out of several areas the company serves the Western Half of Connecticut and the Eastern Part of New York State. Each location is managed by a general/showroom manager – allowing the owners to operate at the CEO/CFO level.
Total equipment and inventory included in the sale are valued at a minimum of $750,000. This has salable inventory and a current fleet of vehicles used to support daily business operations. The current Fair Market Value for the vehicles is $350,000; normal inventory levels not including special buys included in the sale are valued at $400,000.
Location
Facilities Information:
This business operates out of several locations. The Real Estate available for sale that the owner currently owns is included in the package and has a value of about $1,100,000. The balance of the locations is leased under favorable terms with landlords willing to work with new ownership to structure long-term leases.
Summary
Potential Growth:
The current owner has built a successful business positioned to be scaled. In order to scale this business a new owner can hire and train additional salespeople; open new locations; increase advertising and expand local networking with the market area served. The current owner has chosen to maintain the business and has not aggressively tried to grow the business.
Financing/Terms:
TBD, SBA Loan – Seller may hold a small note up to 10% for qualified buyer