30+ Year Remodeling / Construction Co. - $270,000 Cash Flow
Business Description
The retirement aged owner of this premier luxury residential design – build firm has a very strong reputation in Greater Cincinnati’s most affluent neighborhoods. Blessed with over 160 years of existing employee service and over 170 years of existing subcontractor service, a buyer will be able to transition quite nicely into operating this company. The price includes all inventory, equipment, and 9 vehicles valued at over $260,000.
The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:
Long term clients
SBA loan qualified
70% repeat business
Much potential for growth
No accounts receivable issues
Real estate available to purchase
Virtually all word – of - mouth advertising
Clean books and records – all numbers are verifiable
The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:
Long term clients
SBA loan qualified
70% repeat business
Much potential for growth
No accounts receivable issues
Real estate available to purchase
Virtually all word – of - mouth advertising
Clean books and records – all numbers are verifiable
About the Business
- Years in Operation
- 30
- Employees
- 10 Full-time
160 total years of employee service for this company - Facilities & Assets
- The company operates out of a beautifully decorated 1,800 square foot office. The warehouse is 1,500 square feet which is sufficient to handle their needs quite well.
- Market Outlook / Competition
- About 70% of their business is from previous clients including multi - generational families. The balance of their sales comes from referrals. The company does no marketing.
- Opportunities for Growth
- There is a one – year project backlog with steady annual volume of around 30 projects. The owner currently turns down quite a bit of work that comes his way because of the backlog. A more aggressive and energetic buyer could hire more employees / subcontractors and pursue more projects just through the current flow of incoming calls that come into the office.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- The owner is of retirement age and wishes to retire after a successful transitio
- Transition Support
- The owner will train in all aspects of the business and will be available to ensure a smooth transition.
Listing Info
- ID
- 2493911
- Listing Views
- 56
Listing ID: 2493911 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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