This highly rated Palm Beach area-based specialty construction and remodeling firm is being offered for sale for an asking price of $950,000. Established in 2013, the company was acquired and rebranded by the seller in 2023. The business is family-owned and operated, and the seller has set the next owner up for success with a quality reputation, established processes, and steady sales.
The niche allows a focus of business opportunities in a lucrative specialty and has established the company as the leading supplier in the market segment. Currently serving upscale single-family homes, expansion into multi-family and commercial properties is a growth opportunity. The business has multiple five-star Google reviews.
The business generates $376,801 SDE on revenues of $1,869,484. The existing FFE is detailed in the report below and is estimated at $175,000.
The seller is ready to focus on a different aspect of business such as sales only or take a different career challenge. The seller believes in the business, knows how to grow it, and will stay on to train the new owner as needed short term or potentially longer-term in a sales only capacity if desired by the new owner.
Currently the business serves Palm Beach, Martin and St. Lucie County and the surrounding communities which is a prime luxury and higher end market for business as one of the fastest growing areas of coastal Florida. Expansion from the area is also a way to leverage the model to even greater success. Great growth potential within a steady high-ticket market segment.
Financial Information
$950,000
Asking Price
$376,801
Cash Flow
$1,869,404
Gross Revenue
$95,000
Down Payment
N/A
Adjusted EBITDA
Business Location
City:
Palm Beach
State:Florida
Reason for Sale
Other business interests – seller is open to supporting sales post-transition, providing an opportunity for a new owner to focus on operations and growth.
Detailed information
Year Established:2023
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 3
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:50
Inventory Included: Yes
Inventory Value:
$20,000
Monthly Rent:
$6,885
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 3224
FF&E Included?: Yes
FF&E Value: $175,000
Training/Support
3 weeks plus phone support. Additional consulting or employment available.
Facilities
The company utilizes two locations: a showroom, and a combined warehouse and workshop.
The Jupiter location serves as the showroom. Here customers can view samples of materials and displays of appliances and cabinets. 1,050 square feet.
The Port Saint Lucie location serves as the warehouse and workshop.
2764 SW Edgarce Street Port Saint Lucie, FL 34953
Lease is triple-net, expires July 31, 2028. Deposit amount $3400. 2174 square feet. Additional lease terms available.
Market Outlook/Competition
The business outshines the competition with a reputation for providing quality work and standing behind the product, demonstrating extensive knowledge of specialty kitchen work, and following building codes and ordinances even when permits aren’t needed thereby avoiding problems and ensuring satisfied customers.
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