Home Remodeling Company

Hunterdon County, NJ

Seller Financing Available

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Asking Price:$1,550,000
Gross Revenue:$3,503,253
Rent:$10,000/Month
Established Year:1980
Cash Flow:$535,867
Inventory:$5,000
FF&E:$285,000
BUSINESS DESCRIPTION

Kitchen & Bath Remodeling Co

Recently available for this thirty-five-year young company due to Owner’s retirement. The company consists of a general home Improvement company specializing in high-end quality kitchens and baths which represents 90% of the yearly sales. The company which is a full-service construction company serveries residents in Northern New Jersey. This is a family owned and operated company and they specialize in complete home renovations in addition to new construction, and additions. They are also approved as a full-service remodeling company for all indoor and outdoor construction projects. The company has a 2023 gross income of $3,505,253 and a net yearly income of $535,867. They offer the ultimate home experience which improves aesthetics and elevates the functionality and comfort of one’s home. The company offers the highest quality products representing an average 40% markup for each project. This company offers tailored design consultation services to ensure their clients are fully satisfied. As a fully licensed general contractor with a rich history of experience, no task is too big or intricate, from designing a kitchen or constructing the perfect alfresco entertainment zone, they are experts in the industry. Their primary objective is to offer their clients a diverse range of expertise, top-notch quality, knowledge, and unparalleled professionalism paired with exceptional customer service. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2023 gross yearly income is $3,503,253 and the business had a yearly net income of $535,867 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. Based on the past four years, the company’s average yearly income is approximately $550,000. The 2024 income is expected to be similar or greater to the previous year and formal due diligence is recommended by broker. Please do not disturb business, this sale is confidential, the employees are unaware of the pending sale, all viewings are by appointment only and any photo, unless otherwise stated, does not represent this particular business opportunity. Perspective buyers are required to execute a Non Circumventable Agreement.


DETAILED INFORMATION
Location
Hunterdon County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,770
Lease Expiration
01/01/2035
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business opportunity is located in north central New Jersey, Hunterdon County conveniently located to their customers and on a highly active highway. This business facility consists of approximately 3,770 square feet with an ultra-modern, attractive, and professional appearance consisting of numerous displays and separate offices which maintain their employees. The business is in a free-standing retail facility, with substantial private parking.
Growth & Expansion
Regarding competition, to the best of our knowledge, no other new competitors are expected near as a competitor to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Financing
Seller financing is possible, however the company has been pre approved for an SBA lo
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
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Ron
Cervelli
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Ron Cervelli