Remodeling & Finish Carpentry since 1992

Lincoln, NE
Lancaster County

Asking Price: Annual Revenue:
$590,000 $1,012,934

Services: Home Improvement, Repair, Painting

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RE: Remodeling & Finish Carpentry since 1992 Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $590,000 10% Buyer Down Payment: $59,000 10% Seller Financing: $59,000 80% Bank Loan: $472,000 A 10% down payment of $59,000 returns $93,842 in the first year after debt payments!

Quick Facts

Asking Price: $590,000
Annual Revenue: $1,012,934
Net Profit: Not Disclosed
Cash Flow: $181,474
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:

With over $1MM in sales in 2019, 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. An office manager is already in place, handling 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. The company already has $800,000 in signed contracts for 2020, with much more expected in the pipeline through their valued homebuilders. 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, as home remodeling and additions is an industry that is in constant high demand.

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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.

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