Kitchen Re-Modeling Business inNew London-26334

Not Disclosed, CT
New London County


Asking Price: Annual Revenue:
$150,000 $185,000

Services: Construction, Contractors


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RE: Kitchen Re-Modeling Business inNew London-26334 Broker: Marie Goldstein
Owner Financing is Available!
$100,000.00 Down & Includes showroom, shop, and inventory. Balance of $75,000 payable at 6.5% for 3 years. $150,000 cash price. Property is available directly from seller.

Quick Facts

Asking Price: $150,000
Annual Revenue: $185,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $330,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 1
BBN Listing #: 65774447
Broker Reference #: 26334

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Business Overview:

If you have a niche for remodeling and beautification, then this kitchen and bathroom re-modeling business is for you. Beautiful location in the heart of the city, with an outstanding reputation of over 40 years. Long history of kitchen and bathroom re-modeling applications. Nice-sized showroom with ample space. Retains a vintage look. The shop is 5,000 square feet, in addition to 2,500 square feet showroom and 7,500 square feet storage space. The showroom value is $225,000, and the business includes $75,000 in equipment. Seller is semi-retired and has not been actively adding more clients for several years. Top performing years averaged $1.1m in sales. Business is located in a 24,000 square feet building, that is also available for sale. If the buyer does not want to purchase the real estate, the seller is willing to negotiate a competitive lease. The asking price is $150,000, but if you do not require any financing, the cash price is $150,000. The seller owns two locations with property, each available to be purchased directly from the seller. Seller is available for training, and wants to find a qualified buyer with prior knowledge of the industry.

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Reason for Selling:

Personal

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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