Residential Construction and Renovation Business

Not Disclosed, NJ

Northern New Jersey

Asking Price: Annual Revenue:
$525,000 $2,421,677

Services: Construction, Contractors

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RE: Residential Construction and Renovation Business Broker: Tony Torella
Owner Financing is Available!

Quick Facts

Asking Price: $525,000
Annual Revenue: $2,421,677
Net Profit: Not Disclosed
Cash Flow: $349,401
Total Debt: Not Disclosed
FF&E: $93,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 2
BBN Listing #: 439343099
Broker Reference #: BBN-194318071

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Business Overview:

This business is a full service general contracting and construction management firm specializing in high-end home renovations, as well as in the construction of luxury custom-built homes. It has an excellent reputation in the industry for adhering to the highest levels of integrity, for being reliable, and for providing its clients with work of the highest quality. And, most importantly, it has experienced impressive growth in 2018, 2019 and 2020.

The company has been in business for 34 years. As such, they have developed a large base of repeat clients. These clients return when they want to upgrade their current homes through renovation or expansion, or when they are in the market for a new custom-built luxury home. The business also regularly receives referrals from these clients, as well as from architects in the northern NJ area.

This business brings to the table a well established going concern value, well established operating systems, a proven track record and a proud history of satisfied clients.

The buyer of this business will inherit valuable Work-In-Progress assets. At any given time there is usually $500,000 to $1,000,000 in Work-In-Progress jobs on the books. As of September 30, 2019 the value of these jobs was $706,202. (NOTE: Based on a margin of 18%, the projected profit for this work would be about $127,118)

Most importantly, the business experienced impressive growth in 2018, and is projected to continue on an even more impressive growth path in 2019. (NOTE: Based on a P&L of October 31, 2019 it appears that this business is on track to hit over $2,500,000 in revenue in 2019).

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Property Features and Assets:

Lease consists of an Office and a 1,000 square feet Warehouse.

Market Competition and Expansion:

Competition is not a major factor.

Reason for Selling:

Retiring, Moving Out of State.

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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