High End Kitchen and Bath Design Showroom

NOT DISCLOSED, Michigan

Asking Price	$230,000	Year Established	1994
Annual Revenue	$897,627	Reason for Selling	retirement
Annual P/L		Attention	Jeffrey Hoag
Annual Cash Flow	$158,071	Listing Number	948146
# of Employees	2	Business Category	Services: Construction, Contractors

Business Overview:

This boutique kitchen and bath design studio and showroom in West Michigan has been a cornerstone of the local community, offering interior design services and high-end cabinetry sales for three decades. The Seller is a dealer for three exclusive custom cabinetry manufacturers and is able to offer clients an array of design solutions based on budget and style preferences. Currently, the business employs a part-time office manager and bookkeeper to oversee administrative tasks. The Seller is the primary interior designer and works with clients from initial concept to project completion. The Seller occasionally contracts with other independent designers, which helps bolster cabinetry sales. The business predominantly caters to clientele seeking bespoke kitchen and bathroom remodels, and has cultivated a strong referral network through long-term relationships with homeowners, architects, and contractors. The showroom is located in a historic and vibrant business community near popular restaurants and other retail shops and benefits from extensive foot traffic and exposure to potential clients. The Seller purchased and rehabilitated the building in 2005, creating an 1800 SF showroom and design studio space with high vaulted ceilings and ample daylight.

Property Features and Assets:

<p>This kitchen and bath design studio was founded in 1994 and has been operating out of its current location since 2005. A longstanding member of the National Kitchen and Bath Association, this business is well respected amongst its peers and has had its work published in national trade magazines.</p><p><br></p><p><br></p><div></div><div><br></div>

Market Competition and Expansion:

<p>Despite its stellar reputation and loyal client base, the business could benefit from additional growth and expansion opportunities, such as:<br>Online Presence: Investing in a greater online presence through social media platforms can broaden its reach beyond traditional referrals and attract a new generation of clients.<br>Diversification of Services: While the core focus has been on high-end kitchen and bathroom remodels, diversifying service offerings to include other areas of interior design, such as living spaces and home offices, can capture a broader market segment. This business could also offer contracting / installation services in order to increase revenues and provide turn key solutions to its customers.<br>Collaboration with Local Businesses: Leveraging its location in a vibrant business community and forging strategic partnerships with nearby restaurants, salons, and retail stores can lead to cross-promotional opportunities, expanding its visibility and attracting potential clients.<br>Expansion of Staff and Resources: Hiring additional designers or expanding its outreach to other independent designers can increase its capacity to take on more projects, reduce turnaround times and enhance customer satisfaction.<br></p>

Additional Details: