Kitchen & Bath Remodeling in North Carolina

Asheville, NC
Buncombe County


Asking Price: Annual Revenue:
$1,100,000 $1,195,466

Services: Construction, Contractors


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RE: Kitchen & Bath Remodeling in North Carolina Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,100,000 12.5% Buyer Down Payment $137,500 12.5% Seller Financing or Equity $137,500 75% Bank Loan $825,000 A 12.5% down payment of $137,500 returns $161,110 in the first year after debt payments!

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $1,195,466
Net Profit: Not Disclosed
Cash Flow: $301,781
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 4
BBN Listing #: 465834398
Broker Reference #: CBI021

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Business Overview:

The population is booming in this Western North Carolina region, keeping demand incredibly high for home remodeling & renovation projects! Established for 20 years, this business specializes in renovations, reconstruction, kitchen/bath remodels, and additions, with a client base consisting primarily of residential customers (90%). The highly skilled team includes the owner, who handles sales, estimating, and client relations, as well as a Superintendent of Operations and Carpenter, with a loyal base of 18-20 go-to subcontractors. Based out of a leased 1,200 sq. ft. facility in Buncombe County, all business is done locally within a 1-hour radius of the warehouse. Assets include every piece of equipment necessary to take on a remodel project or custom home building, a fully-equipped box truck, Ford F-250, Ford F-550, and a 6x12 open trailer. The business uses top-of-the-line Matterport 3D camera and software system, an extremely valuable tool in the restoration world, as it cuts down on estimating time by 50%-60%.

They have a solid marketing strategy already in place, using an SEO campaign run by Wordjack Media through Facebook, Google Ads, and their own well-established website. The company prides itself on personal service, communication, attention to detail, and professionalism; their solid name and reputation leads to word-of-mouth referrals in the community.

Construction workers have been deemed essential, and with the drop in interest rates for construction loans & home loans, this company has plenty of work on the horizon with no end in sight. Priced at $1,100,000, it would be an excellent roll-up opportunity for an existing restoration company because of the knowledge and skill already in place. The current owner will stay on for 1-2 years to ensure a smooth transition and to see all current projects in the pipeline completed. The largest growth opportunities are in branching out more into custom homes, spec homes, and insurance work. With the right capital behind the company, revenue could triple in the next 2 years. A 12.5% down payment of $137,500 returns $161,110 in the first year after debt payments – a 117% return on investment.

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Market Competition and Expansion:

Growth Opportunities: Branch out more into custom homes, spec homes, and insurance work; excellent roll-up opportunity for existing restoration company.

Reason for Selling:

Relocating

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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