Home Remodeling Company

Not Disclosed, VA

Asking Price: Annual Revenue:
$1,000,000 $1,587,466

Services: Construction, Contractors

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RE: Home Remodeling Company Broker: William Iigenfritz

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $1,587,466
Net Profit: Not Disclosed
Cash Flow: $378,713
Total Debt: Not Disclosed
FF&E: $67,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 8
BBN Listing #: 37844955
Broker Reference #: 2603-16039

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Business Overview:

This small family-owned and operated remodeling business specializes in kitchen, bathroom, and basement remodels. This business prides itself on offering a high standard of service and finishing on time and on budget while exceeding homeowners' expectations. They offer all-in-one service to complete projects from conception to completion.

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Property Features and Assets:

This is a home based business and can be relocated to a site of the buyer's choosing. Assets= $67,000

Market Competition and Expansion:

This business sets itself apart as a residential remodeler that has their vendors lined up to help with design from start to finish of the project. They do most of their projects with their own employees and believe this is the one area that separates them from the majority of general contractors that use sub-contractors to get the work complete. They typically work in 2 person teams from demolition to completion, so the homeowner builds a relationship with the owners and employees and increases the trust needed from all parties involved for a successful project. There is potential for growth and streamlining with this company. The current owner believes technology would help to streamline ongoing clients. There are construction apps that will help with some redundancy and material selections, where the homeowner and contractor can communicate. Video apps that have been made popular can cut down on the site visits from the owner, though the face-to-face meetings to establish the trust and ongoing relationship will still be important. All in all current ownership believes if the next owner invests more technology into the business it will be more profitable and require less owner time.

Reason for Selling:

Early Retirement.

Additional Details:

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

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