Unique Opportunity in Home Improvement for Garages

Not Disclosed, GA


Asking Price: Annual Revenue:
$255,000 $542,583

Services: Construction, Contractors


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RE: Unique Opportunity in Home Improvement for Garages Broker: Greg Younts

Quick Facts

Asking Price: $255,000
Annual Revenue: $542,583
Net Profit: Not Disclosed
Cash Flow: $109,267
Total Debt: Not Disclosed
FF&E: $33,788
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 21084955
Broker Reference #: 1104-15681

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Business Overview:

This award winning company in the garage enhancement industry provides the total solution for garage storage, organization and flooring. The company designs and installs custom solutions to clean-up clutter in a garage, maximize use of storage space and make the garage a more attractive part of a home. The solution can be a combination of specialty shelving, cabinets, fixed or motorized overhead storage racks and/or flooring. The shelving consists of a patented technology that can support up to 1,000 pounds per every four(4) feet of shelving.

The company’s reputation is unsurpassed in the industry as clients rave about the quality of work and professionalism demonstrated by the owner and installation staff. The company receives outstanding reviews on Google, Angie’s List and Facebook. The owner and staff consistently succeed in exceeding the customer’s expectations in quality of work and customer communications from start to finish in every customer installation.

Garage enhancement has become more of a priority with home owners, and the industry is now regarded as an $8 Billion industry. The growth opportunities for this company are almost unlimited in the market they serve, and there is very little competition.

A qualified buyer needs general business management knowledge and some sales and marketing skills. Experience in residential construction and home improvement services or products would be beneficial, but not necessary.

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Property Features and Assets:

The owner operates the business from home and stores tools and materials at a separate storage facility. A new owner could also operate from home, but also has broad flexibility in terms of where they could establish a separate office and storage facility. Assets= $33.788

Market Competition and Expansion:

Competition is very limited as a short list of companies specialize in providing a total garage enhancement solution. There are several competitors in the flooring market, but they only offer flooring. The company’s top source of new business comes from online advertising. And, the online advertising and marketing is provided and updated by a third party with expertise in garage enhancement. The owner does not have an aggressive growth strategy, and a new owner could more than double sales. Demand for garage enhancement is on the rise and there is a short list of solution providers. Sales could easily be increased by investing more in online advertising. And, other forms of advertising and possibly third party partnerships would increase sales. The geographic market is huge, and the company’s solutions are in a price range and quality level that address the needs of homes that range in size from $300K up to the most expensive homes. In the near future, the company will have the option to sell and install cabinet solutions for the interior of a home because of a relationship with a reputable third party supplier. The current base of very satisfied garage enhancement customers could be good prospects for cabinet solutions for other rooms in a home.

Reason for Selling:

Owner is retiring.

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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