Annual Revenue: $950,000
Net Cash Flow: $150,000
Location: New Haven County, CT
First time offered for sale – after over 30 years of business seller is ready to retire. This is a high end custom remodeler wood working shop focused on High End Kitchen and Bath Remodels, but offers one stop shopping to their clients. The business offers Cabinets; Custom Book Cases, TV and Fire Place Surrounds; Tile, Glass, Stone and Quartz Countertops: Windows and Doors; Lighting; Landscape Design. Starting with Design services the company will undertake 10 to 20 projects a year ranging from Kitchen and Bath Renovations, Additions, Home Makeovers including designing outdoor living space. The work load is determined by the owner as he is also a high end home builder and developer. The showroom is staffed by a qualified designer/sales person, at present the owner works about 30 hours a week in a supervisory role. The field crew consists of (3) a Lead Forman, a Senior Carpenter and general laborer. A professional Cabinet Maker works part time as required to execute jobs. The volume of work is supported by an extensive list of highly qualified sub contractors that execute the work under the direction of the Lead Foreman.
Real Estate: Commercial Condo included in the sale is 2,000 sqft; 500 sqft +/- is finished showroom office space; 1500 sqft is the shop/storage area. Ample parking for vehicles and clients. RE value is $200,000. Additional space is available for sale from a un related party – 2,000 sqft of vacant warehouse is available next door.
Growth/Expansion Opportunity: At present the owner is very selective in the work that he undertakes. A working owner could significantly increase sales volume by taking on more work that the current owner turns away.
Equipment: Box Truck, Shop Tools, wood working equipment.
Real Estate: $200,000 (Included in Price)