Very Profitable Kitchen and Bath Remodel Co *716*

Not Disclosed, NC

NC Coastal area

Asking Price: Annual Revenue:
$550,000 $1,080,000

Services: Construction, Contractors

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RE: Very Profitable Kitchen and Bath Remodel Co *716* Broker: George Bradbury
Owner Financing is Available!

Quick Facts

Asking Price: $550,000
Annual Revenue: $1,080,000
Net Profit: Not Disclosed
Cash Flow: $225,000
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 14
BBN Listing #: 68116351
Broker Reference #: REMOD1

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Business Overview:

This established prime bath, kitchen and home decor company has a reputable 20+ years in business, known for excellent customer service, high-quality products, and expert installation This business offers a buyer the opportunity to accelerate growth in an area known for high-end second homes and condos, upscale neighborhoods and future I-42 expansion of commercial and residential real estate market.

The business has operated from the same location on a heavily trafficked thoroughfare in Morehead City, a beach town in a growing area of the North Carolina coast. Their showroom and onsite warehouse includes the most extensive selections of flooring, tile, cabinets, counter-tops and much more. Showroom designers are educated have 90% success sales rate. The business operates in a highly visible 3,470 square feet showroom, office and warehouse.

Since the year 2000 this company has been delighting their clients with exquisite kitchens (average value $35,000) and bathrooms (average value $20,000).

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Property Features and Assets:

The business occupies a 3,468 square feet one story showroom/warehouse on a heavily trafficked highway. The owner will lease ($4,500 month) or sell the building. A current appraisal will be forth coming. The owners will sell the building or negotiate long-term lease with options.

Market Competition and Expansion:

There are a couple of privately owned and franchise operations that service this market. There is no competitor with the breath of all-inclusive product and service offerings. This company is best known for excellent quality, high customer satisfaction, reliable service, expert installation and honest business practices. Business financials show annual increased growth. The area has been a relatively under-served “quiet” area, but due to new interstate expansion; the area will be experiencing exponential residential and commercial growth. Business could be increased by adding sales and support team members.

Reason for Selling:

Due to health problems the owner is retiring from

Additional Details:

  • The property is owned.
  • 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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