Home Remodels & Additions with over $1.1M in Sales

Lincoln, NE
Lancaster County


Asking Price: Annual Revenue:
$640,000 $1,174,836

Services: Home Improvement, Repair, Painting


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RE: Home Remodels & Additions with over $1.1M in Sales Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $640,000 10% Buyer Down Payment $64,000 10% Seller Financing or Equity $64,000 80% Bank Loan $512,000 A 10% down payment of $64,000 returns $182,355 in the first year after debt payments!

Quick Facts

Asking Price: $640,000
Annual Revenue: $1,174,836
Net Profit: Not Disclosed
Cash Flow: $264,884
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 9
BBN Listing #: 391634398
Broker Reference #: CBI001

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Business Overview:

This home remodeling company in Lincoln has had year-over-year sales growth since 2017 and a 23% profit margin in 2020! This well-established business specializes in kitchen and bath remodels, additions, finish carpentry, and custom cabinetry design and installation. Serving Lincoln and surrounding communities for nearly 30 years, this highly skilled design staff offers an unmatched experience from beginning to end. Clients include remodeling homeowners looking for a tune-up or additions, and residential/commercial contractors looking for interior finishes in a newly built home. A solid team is already in place; an office manager handles all incoming phone calls and e-mails from new and existing clients, as well as quoting, invoicing, scheduling, and ordering. A project manager runs the jobs on site, and 6 experienced laborers make sure the work is top notch from start to finish.

Home remodeling and additions account for 50% of their revenue, 40% is finish carpentry, and 10% custom cabinetry. Assets include $78,000 worth of portable equipment, shop equipment, and hand tools used by three crews of laborers.

Growth opportunities are endless. Adding another project manager would allow the company to take on more jobs. The demand for home remodeling and additions has increased in recent months due to lower interest rates on home loans and construction loans. Priced at $640,000, a 10% down payment of $64,000 returns $182,355 in the first year after debt payments – a 285% return on investment.

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Market Competition and Expansion:

Growth Opportunities: Add another project manager to take on more remodels.

Reason for Selling:

Retirement planning.

Additional Details:

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

Documents:

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