Seller's Contact Information
- RE: Residential & Comm. Construction & Remodeling
- Contact: Claudia Smith
Quick Facts
Asking Price: | $399,000 | |
Annual Revenue: | $465,129 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $127,756 | |
Total Debt: | Not Disclosed | |
FF&E: | $25,724 | |
Real Estate: | Not Disclosed | |
Year Established: | 2010 | |
Employees: | 1 | |
BBN Listing #: | 87384955 | |
Broker Reference #: | 8002-17623 |
Business Overview:
This profitable remodeling business receives the majority of its business from unpaid first page search results on 'Yelp' and other online searches.
The Owner bids projects typically in the $20,000 to $600,000. The bulk of the work is in the $50-150,000 range.
They keep pricing competitive yet reasonable. Combined with the high demand, they have a 2/3 success rate at winning desirable contracts. There are very few quality contractors that cater to this market. With the help of online profiling, they attract discerning clients who want a quality contractor and are willing to wait for their availability.
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Property Features and Assets:
The business is a home based business. The owner rents a 150 Square Feet storage space for $313/month to keep supplies and equipment. Assets = $30,724
Market Competition and Expansion:
According to IBISWorld, an increasing trend of urbanization is expected to continue and a higher number of households earning over $100,000 are expected to create more demand for remodeling services. Remodeling revenue is expected to rise at a CAGR of 1.2% to $117.7 billion over the next five years. As states resume operations after the COVID-19 pandemic, demand from residential construction is expected to increase, with unemployment expected to decrease. An increase in the homeownership rate may benefit the industry, as homeowners are more predisposed than renters to spend on discretionary remodeling projects. Greater disposable income levels will likely enable consumers to expand their budgets to pay for professional services, like remodeling activities for their homes, stimulating industry revenue growth. Major remodeling projects are often financed through consumers' second mortgages and higher property values enable homeowners to borrow more considerable sums. Higher home prices encourage consumers to invest in their properties through renovations or additions instead of purchasing a new home altogether. The Owner says the potential is vast - with a marketing team and investment into advertising, the business could easily see a considerable boost in lead generation per month. Currently with no advertising they receive approximately 20-40 leads per month through yelp, internet searches, word of mouth or repeat clients. The Owner projects the existing lead generation is ample enough to require several employees.
Reason for Selling:
Owner is moving out of the area.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
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