The business has an extensive showroom of sample layouts of kitchens, bathrooms, flooring displays, hardware and faucet displays to help a prospective customer get helpful ideas and discuss alternative plans for their own remodeling project. Few other kitchen and bath showrooms in Wisconsin have such a complete selection of kitchens, appliances, bathrooms, flooring displays, porcelain and ceramic tiles, lighting, hardware, faucet displays and counter-top displays of granite, quartz and corian. This is all designed to help a prospective customer select all of the products necessary for a complete remodeling project and all located under one roof!
In addition to selling and installing, they subscribe to a proprietary software package which allows them to design a remodeling project in 3D and show a prospective customer the floor plan and layout prior to finalizing these decisions.
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Property Features and Assets:
The building housing this business was completed in 2007 and is leased on a "triple net" basis to the business. The owner of the building will agree to lease the building to a new owner of the business for 5 years with an option to buy the building any time after the completion of the first year. The lease rate on the building is $6,000 per month for the first year and $7,000 per month for the subsequent 4 years, if the building is not purchased by the buyer of the business.
Market Competition and Expansion:
There a number of triggering events that make this is an excellent opportunity to acquire an ongoing business and showroom for a discount on the replacement cost of the assets. The business is housed in a new building and the materials in the showroom are mostly new. If you compare the new, listed prices for the assets to the asking price for the business, you will be able to appreciate the amount of the discount. For the buyer with an interest in this field, this is truly a unique opportunity to become involved in residential home remodeling, and to "hit the ground running."
Reason for Selling:
- 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.