LINCOLN, Nebraska
| Asking Price |
$715,000 |
Year Established |
1992 |
|
| Annual Revenue |
$1,304,792 |
Reason for Selling |
Career Change |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$343,067 |
Listing Number |
947982 |
|
| # of Employees |
2 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This leading home remodeling business was established in 1992, and is situated in the heart of Lincoln, Nebraska. Catering to the needs of Lincoln and its surrounding communities within a 30-mile radius. They offer an extensive range of services including kitchen and bathroom remodeling, additions, home interior finishes, flooring, design/ fabricationand installation of cabinetry, and virtual reality walk-throughs.The company’s service breakdown consists of 90% remodels and additions, with the remaining 10% dedicated to finished carpentry projects. Primarily serving two clientele groups: general contractors and homeowners. The business operates from a spacious 3,500 square feet, two-story building. The first-floor houses storage and a workshop area while the second floor boasts a finished office space. The staff consists of onecarpentry professional and subcontractors for project management, base and finished carpentry. The owner iscontemplating a career change, leading to the decision to sell. The transition period for the new owner can range from 6 months to 1 year depending on their preferred level of involvement. Owner spends approximately 20 hours per week managing financial oversight, completing quotes/bids, coordinating subcontractors, and performing site visits. Priced at $715,000, a 10% down payment of $71,500 returns $236,167 in the first year after debt payments! Growth opportunities include expanding the service area, development of proprietary tools, and implementing a marketing strategy.
Property Features and Assets:
<p>Equipment: $80,800</p><p>Target Working Capital: $66,609</p><p>• AR: $55,945 - AP: $25,926<br></p>
Market Competition and Expansion:
<p>Expanding the service area, development of proprietary tools, and implementing a marketing strategy<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