Primary Category:Other Building & Construction Businesses for Sale
The business worked exclusively with high-end builders in new construction until 2009, when the recession required they re-evaluate their business plan. They entered the remodeling industry, working directly with upper middle-class homeowners to great success. High-end builders now account for 50% of the revenue with the remaining 50% from direct sales and installs for homeowners.
There are two owners of the business, one of the owners can be replaced by an employee that will step up and is currently the operations manager, the other owner can be replaced by adding an internal bookkeeper or outsourcing that function.
The dual client business plan continues to improve the bottom line. Between 2020 and 2021, revenue increased 37%.
The Company is well known in North Florida throughout Nassau, Duval, Clay, and St. Johns counties. The US Census reports 370,000 owner-occupied homes across all counties in 2020. Of those, 122,000 are valued at $300,000+.
Financial Information
$1,750,000
Asking Price
$478,888
Cash Flow
$3,780,279
Gross Revenue
On request
Down Payment
Business Location
City:
North East Florida
State:Florida
Reason for Sale
Retirement
Detailed information
Year Established:1979
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 7
Part-Time Employees:N/A
Contractors:10
Owner Worked Hours/w:40
Adjusted EBITDA:
$396,888
Inventory Included: Yes
Inventory Value:
$193,000
Monthly Rent:
On request
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 10000
FF&E Included?: Yes
FF&E Value: $190,000
Training/Support
Seller will provide training to new owner. Length of time to be negotiated.
Facilities
Total facility is 10,000 sq. ft. consisting of 4,0000 sq. ft. of warehouse space, 4,000 sq' ft. of showroom and 2,000 sq. ft. of office space.