Home Remodeling in Des Moines

Des Moines, IA
Polk County

Asking Price: Annual Revenue:
$860,000 $2,254,466

Services: Construction, Contractors

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RE: Home Remodeling in Des Moines Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $860,000 10% Buyer Down Payment: $86,000 10% Seller Financing: $86,000 80% Bank Loan: $688,000 A 10% down payment of $86,000 returns $76,559 in the first year after debt payments!

Quick Facts

Asking Price: $860,000
Annual Revenue: $2,254,466
Net Profit: Not Disclosed
Cash Flow: $204,294
Total Debt: Not Disclosed
FF&E: $317,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 14
BBN Listing #: 187134398
Broker Reference #: CON078

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Business Overview:

With expertise in kitchen and bath remodeling, this company has $1,500,000 in the pipeline! The team is focused on providing one-stop renovation services for residential homeowners in the Des Moines area. Most projects happen in the kitchen (40%) and in the bath (60%), as well as other remodeling projects throughout the home such as bedrooms, basements, offices, living rooms, or laundry rooms. This well-established business has been in operation since 1988 and provides a streamlined approach for customers, with cabinets, countertops, and tile all conveniently located in their showroom. The team works within a 30-mile radius of the showroom and no overnight travel is required. The owner primarily assumes oversight duties and assists the team throughout the week. The owner does not do any work in the field at this time.

An incredible asset of this business is the well-trained and experienced team who are cross-trained in many different skills and many of whom have a long tenure with the company. Four leads manage the projects with the assistance of seven tradesmen. In the office a general manager handles the day-to-day operations with the help of an accountant and one sales representative.

Revenue is determined by the number of projects the team is able to complete throughout the year. The business is quite busy and future growth could be found by expanding the team to increase capacity or to decrease project timelines. Additional customers could be reached through social media engagement as well as local advertising.

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Property Features and Assets:

4,000 square feet: Showroom with displays, selection area, offices, storage, additional rented storage unit.

Market Competition and Expansion:

Hire qualified staff to increase capacity or shorten timeline for project completion, advertise, engage on social media to build brand awareness.

Reason for Selling:

Retirement planning

Additional Details:

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

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