Passive Des Moines Home Renovation Company

Des Moines, IA
Polk County


Asking Price: Annual Revenue:
$5,648,580 $5,340,237

Services: Home Improvement, Repair, Painting


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RE: Passive Des Moines Home Renovation Company Broker: Seller of Business

Quick Facts

Asking Price: $5,648,580
Annual Revenue: $5,340,237
Net Profit: $1,569,050
Cash Flow: $1,569,050
Total Debt: Not Disclosed
FF&E: $918,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 27
BBN Listing #: 796934398
Broker Reference #: CBI031

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Business Overview:

This passive Des Moines based home renovation company is stable and has huge growth potential! Boasting an amazing reputation which leads to repeat clients and referrals, this company has more than $1,600,000 in the pipeline for Q1 alone, which annualizes out to $6.4M in projected revenue! There is nearly $1M in assets including the company’s 14 vans, power tools, and inventory. This well-built operation is passive – with the owner dedicating only 5 to 7 hours a week to the business - but also boasts room to grow if an ambitious new owner wants to lean into growth opportunities. A well-executed hiring campaign to increase the volume of work, as well as possibly opening a satellite location, could drive this business even higher.

This experienced team provides a “one-stop-shop” approach to residential kitchen and bath remodels. This business controls the quality and timeliness of every installation by completing all work in house except for countertop instillation. Their complete showroom and an onsite designer provide 3D renderings for projects that allows for stress-free selections. Most projects happen in the kitchen (45%), the bathroom (45%), as well as other remodeling projects throughout the home. A 12% down payment of $677,829 returns $718,052 in the first year even after debt payments!

An incredible asset of this business is the well-trained and experienced team who are cross-trained in many different skills and many of whom have a long tenure with the company. Leads manage the projects, and the general manager handles the day-to-day operations with the help of an office manager. The team works out of a 4,000 sq. ft. office building. The owner of the business owns the facility under a separate entity and is willing to lease to the next owner. With a solid reputation in the area, the business has a long-standing relationship with customers; they are able to keep their service area within a 30-mile radius of the Des Moines metro.

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Market Competition and Expansion:

4,000 square feet – current owner is willing to lease to the next owner for $3,500/month, which has been accounted for in the cash flow.

Reason for Selling:

The goal when purchased was to improve and resell.

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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