Seller's Contact Information

  • RE:  Turnkey Kitchen & Bath Design Co In Stunning Bu...
  • Contact:  Ed Sadler
Owner Financing is Available!

Quick Facts

Asking Price: $737,000
Annual Revenue: $1,165,000
Net Profit: Not Disclosed
Cash Flow: $194,164
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: 2
BBN Listing #: 611764360
Broker Reference #: COLSPCO001-48967

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Business Overview:

This Kitchen & Bath design company was established in 1994. Under the current owners (since 2017), it has successfully grown and annual revenue now exceeds $1.165 million. 2021 Sellers Discretionary Earnings were $221,000 and $194,000 in 2022. Deemed an Essential Business throughout the COVID pandemic, this sales and design company remained open throughout 2020 and 2021 and witnessed a record year of revenue in 2020. This growth was partially driven by the growing popularity of Buena Vista which has seen its population triple since 2014. Surrounded by mountains and sitting at an elevation of 8,000 feet, the area is also known as the 'Banana Belt' because of its warmer weather. Come and discover the unparalleled access to all of the outdoor activities Buena Vista offers including whitewater rafting, climbing and hiking, skiing and snowboarding, off-road 4-wheeling, biking and snowmobiling! The company has an outstanding reputation for producing excellent finished cabinet projects. Customers are sourced from both General Contractors operating in the area and individuals who, in many cases, are undertaking home re-modeling projects. This customer diversification is beneficial to the company. Similarly, there are relationships in place with a variety of cabinet and counter surface vendors reducing the risk of being reliant on just a few key suppliers. The design professionals at this company help customers design, create, and install their dream kitchen or bath for both new homes and re-modeling projects. They work solely with premium product lines that reflect the quality and craftsmanship which customers desire. All kitchen and bath projects are custom designed by the company but manufacturing is handled by 3rd party manufacturers. The company carries no inventory. An SBA loan 'letter of interest has been secured from a Colorado bank should the successful buyer be seeking 3rd party financing.Suggested actions to improve revenue include: - Hire more designers - Nurture existing General Contractor relationships and pursue new ones - Expand beyond the current geography for new customers from the single existing location or open new locations - Expand social media capabilities and marketing and advertising expenditure - Add closet CAD design services since the CAD design system used already provides that capability - Pursue new developments (4 currently being planned for 2023-2024) for opportunities to sell cabinetry

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Additional Details:

  • The property is owned.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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