Business For Sale

Remodeling Firm 25-yr

Not Disclosed, CA
Santa Clara County


Asking Price: Annual Revenue:
$2,300,000 $3,700,000

Services: Construction, Contractors


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RE: Remodeling Firm 25-yr Broker: John Mittelstet
License #: #01009458

Quick Facts

Asking Price: $2,300,000
Annual Revenue: $3,700,000
Net Profit: Not Disclosed
Cash Flow: $1,191,058
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1993
Employees: 8
BBN Listing #: 255435994
Broker Reference #: M&A-BA-SV#1131

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Business Overview:

For 25 years, this business has provided design, build and furnishing services for wealthy clients in a zip code listed by Forbes Magazine as the 3rd highest average home price in the nation.
The owner manages a staff of 8 employees that includes a full-time architect, a licensed General Contractor, an interior designer, an office manager, a production manager, a master carpenter, a designer intern and a part-time IT person. The owner oversees the business and she does no building. Clients choose this firm not only because of its stellar reputation but because it provides the entire process from initial concept discussions with the homeowner to providing furnishings and accessories for the finished project.
This firm is a cut above the typical residential remodeling contractor because it provides complete design plans and details in its bids. As a result, project cost increases are minimal because the client and the firm have an exact understanding of all the details.
Sales for 2017 were $3.7 million with Sellers Discretionary Earnings of $1,191, 058. Prior years earnings were $668,000, $672,000 and $523,000. 2017 improved because the owner subcontracted work when the staff was fully committed, increasing the total revenue substantially.
Owner is selling to retire and will provide training for the buyer.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact John Mittelstet to receive a confidentiality agreement and learn more about this opportunity.

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Property Features and Assets:

Small shop for sales and showroom on main avenue in downtown retail section.

Market Competition and Expansion:

This owner takes a more professional approach to bidding with all details spelled before beginning work. Very little change orders in this system, which also keeps costs in-line, producing better than average industry margins. As of 2018, more work is flowing in. So good backlog to continue sales. Only constraint is getting good workers, but this owner has good relationships with area sub-contractors, and has thus far experienced a minimum of project delay.

Reason for Selling:

Retirement

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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