High-End Home Renovation Business For Sale

Relocatable, CT New Haven County

Western Connecticut

Asking Price: $400,000

Annual Revenue: $2,088,337

Services: Construction, Contractors

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High-End Home Renovation Business for Sale

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RE: High-End Home Renovation Business For Sale
Contact: Alan Zinser

Quick Facts

	Asking Price:	$400,000
	Annual Revenue:	$2,088,337
	Net Profit:	Not Disclosed
	Cash Flow:	$205,733
	Total Debt:	Not Disclosed
	FF&E:	$50,000
	Real Estate:	Not Disclosed
	Year Established:	1961
	Employees:	6
	BBN Listing #:	935334
	Broker Reference #:	3202-18086

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Business Overview:

This high-end residential remodeling business, family owned for six-decades is the object of a confidential sale process to transition ownership. With virtually no advertising expense, the business operates with a stellar reputation in Fairfield, New Haven and Litchfield Counties which are among the wealthiest and most-house-focused demographics in America.

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Property Features and Assets:

This high-end residential remodeling business operates out of a modern, highly attractive, custom-built showroom and offices on a main, high-volume road, consisting of a 1,824 SF Commercial Building on 0.48 Acres (zoned C01) on the main N-S throughfare of a town located in Western New Haven County, but contiguous with both Fairfield and Litchfield Counties.

Buyer of the business ($400,000) has the option:

(1) Purchase the real estate (preferred by the Seller)
(2) Lease the real estate for $48,000 NNN
(3) Relocate or consolidate the business into existing operations.

Assets = $400,000

Market Competition and Expansion:

The high-end residential home remodeling business is highly fragmented. This business competes on its reputation in the market and with its long-time, highly trained employees.

Western Connecticut's high-end residential remodeling industry experienced a spike in revenues and activities during Covid as the area saw an increase in home purchases, values and renovations projects. The increase in interest rates has put a dampener on homes sales, but as owners stay there has been little pause in the level of home upgrades for kitchens and bathrooms.

Reason for Selling:

Retirement.

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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