Business For Sale

Home and Bathroom Remodeling Company

Chicago, IL
Cook County

North Side Chicago

Asking Price: Annual Revenue:
$579,000 $1,687,400

Services: Home Improvement, Repair, Painting

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RE: Home and Bathroom Remodeling Company Broker: Jim Peddle
Owner Financing is Available!
$57,900 seller note

Quick Facts

Asking Price: $579,000
Annual Revenue: $1,687,400
Net Profit: Not Disclosed
Cash Flow: $213,262
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 19
BBN Listing #: 700150522
Broker Reference #: PB16153

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Business Overview:

This well-established, must see home and bathroom remodeling company is located in an affluent North Side Chicago neighborhood. The Company has steadily grown its revenues every year since its inception. The Company’s fantastic reviews and great web presence have allowed it to remain busy year-round, even during the months most other similar businesses experience slumps. The Company has multiple revenue streams including bathroom and kitchen remodeling, a full-time electrician for service calls, and a handyman division. The Company thrives in the middle ground between larger full remodels and small hourly jobs.

The majority (approx. 80%) of the Company’s revenue comes from bathroom remodeling. This has allowed for the Company to focus most of its efforts and specialize in all aspects of the service. The other 20% of the revenue is made up of general remodeling, electrical and handyman repairs.

The Company’s primary customer base is middle to upper middle class residential and commercial clients. It has a large amount of repeat and referral business. Multiple real estate offices use and recommend the Company to their customers. The Company also receives many of its referrals from other trade contractors such as plumbers, larger contractors and its material vendors.

Interested buyers are required to execute an electronic NDA and provide a LinkedIn profile or resume prior to the disclosure of the name and location of the Company.

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Property Features and Assets:

The Company operates out of a 3,000 square feet office and workshop space plus 800 sq ft basement. 1,500 square feet is used for office and 1500 sq ft is used for a workshop and storage. The office space is very modern and outfitted with top of the line technology. The Company rents the space from a third-party landlord. The lease will expire at the end of 2018 with the opportunity to sign an additional 3 years.

Market Competition and Expansion:

The Company's main competitors are boutique remodeling firms that charge significantly more than the Company does. The Company’s key advantage is that it does the simple things well. The construction industry has a bad reputation for no shows and general lack of follow through. The Company receives constant compliments on just doing the simple things correctly. There is a tremendous amount of growth opportunities for the business and industry. Adding additional sales staff, subcontractors and employees could drive revenue up even more. New services could be incorporated to drive growth. The Company currently sticks with bathrooms and small remodeling projects and has become very proficient in this one niche. It would be easy to add different trades to the business and expand the services offered. A few of the other services that could be added are HVAC, siding, windows, roofing, hardwood floors and many others.

Reason for Selling:

Other business interests.

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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