NOT DISCLOSED, New Jersey
| Asking Price |
$1,830,000 |
Year Established |
1985 |
|
| Annual Revenue |
$5,250,000 |
Reason for Selling |
Retirement (consulting available) |
|
| Annual P/L |
$0 |
Attention |
Karin Neumann |
|
| Annual Cash Flow |
$730,000 |
Listing Number |
1005274 |
|
| # of Employees |
15 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This well-known High End Home Remodeling Contracting Company has provided reliable and high-quality sales, services and support (primarily kitchens and bathrooms) to an impressive roster of regional home builders and homeowners for over 40 years. The Company has experienced stable revenues and enjoys high operating margins with documented profitability.
The Company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.2 x EBITDA (2025). A full valuation report is included and there is $200k in Net Working Capital plus another $250,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain close to $400k benefit in after-acquisition- debt cash flow in Year #1 – over 100% return on equity investment.
A comfortable transition period will be provided by an owner who truly wants to continue to see the business flourish. A very well-trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
Property Features and Assets:
<p>The seller’s 12,000 SF owned showroom facility is in a prime location with very attractive lease terms. This income producing property with long-term tenants is available for purchase with the business under separate agreement.<br></p>
Market Competition and Expansion:
<p>The Company enjoys a distinct competitive advantage by leveraging its impeccable reputation, ideal location, impressive showroom and a “customized solution” to provide its diverse client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management, sales team and dedicated personnel in place.<br></p><p>It is projected that a new owner will obtain compelling additional growth by expanding sales and marketing efforts with an investment of $100k to $200k per year - an accelerated revenue growth rate under such premise is projected to be 10% to 20% per year.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity