Cash Flow Rich Remodeling Contractor

New Jersey

Seller Financing Available

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Asking Price:$2,090,000
Gross Revenue:$5,500,000
FF&E:$250,000
Cash Flow:$665,000
Inventory:$200,000
Established Year:1984
BUSINESS DESCRIPTION

This well-known High End Contracting Company has provided reliable and high-quality remodeling services and support (primarily kitchens and bathrooms) to an impressive roster of regional general contractors, homebuilders and homeowners for over 40 years. The Company has experienced stable revenues and enjoys high operating margins with documented profitability.


DETAILED INFORMATION
Location
New Jersey
Inventory
Not Included in asking price
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The seller’s 12,000 SF owned facility is in a prime location with very attractive lease terms. This income producing property with long-term tenants is available for purchase with the business.
Competition
The Company enjoys a distinct competitive advantage by leveraging its impeccable reputation, ideal location, impressive showroom and a “customized solution” to provide its diverse client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management and dedicated personnel in place.
Growth & Expansion
It is projected that a new owner will obtain compelling additional growth by expanding the direct sales and marketing efforts with an investment of $100k to $200k per year - an accelerated revenue growth rate under such premise is projected to be 10% to 20% per year.
Financing
$0.4m Seller financing plus $1.3m Bank financing subject to buyer qualification
Support & Training
A comfortable transition period will be provided by an owner who truly wants to continue to see the business flourish. The seller will consider a mid-term consulting agreement thereafter. A very well-trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
Reason for Selling
Retirement (consulting available)
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Achim
Neumann
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Achim Neumann