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Asking Price: $225,000

Home Storage and Organization Products and Install

New Bern, NC
Craven County

WORKSPACE3 is the residential division of WORKSPACE1 and is being offered apart or in combination with WORKSPACE2, the company's commercial division.Originally specializing in residential garage upfits by installing decorative epoxy floor systems, specialty garage cabinetry, wall organization systems, and overhead storage, the residential division was expanded to closets and other general in-home storage applications.Today, the residential division designs, supplies, and installs a wide range of high-quality products for residential garages (including workshops), home office spaces, attics, sheds, laundry/mudrooms, and closets. that improve workspace, storage, organization, and environmental comfort in clients' homes and light commercial businesses locally as well as nationally and online.In addition to selling stock, semi-stock, and fully custom cabinets, work surfaces, and shelving, they also install the highest quality epoxy floor coating solutions in a wide range of different colors and textures.The company also installs large format retractable screens for man doors, garage doors, porches, patios, and other spaces with other retractable solutions in the product mix.The unique product mix, vendor redundancy, distribution capabilities, installation, and service lines provide the owners with a diverse, high-margin income stream.Over the past three years, the residential division comprised on average 29% of gross sales with a net operating profit of 47%.The owners have historically divided their time between the commercial and residential divisions, with the majority being dedicated to commercial operations.A full-time effort on behalf of the residential market could significantly grow an already well-established brand and profitable business in the thriving local market.

Cash Flow Not Disclosed
Revenue $349,176
$ Owner Financing Available

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