Asking Price: $795,000 Gross Revenue: $1,300,000Cash Flow: $298,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $19,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This established design build home remodeling business has been in operation for 18+ years and has an excellent reputation in the market. The company is doing fixed contract pricing on all remodels and has a very reliable group of subcontractors they use to handle all the labor. A seasoned operations manager, designer, and bookkeeper are all in place for a successful transition. Sales have been growing and 2018 is tracking for better performance than 2017.
This is a fantastic opportunity for a buyer with some construction related experience looking to run their own established remodeling company with roughly $300K in earnings. The business has been pre-qualified for an SBA loan with approx. 15-20% cash down from a buyer with good credit and some industry experience. All details on this opportunity will be provided with a signed Non-Disclosure Agreement & Buyer Qualification Profile.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
Leased 1,550 square foot showroom at $1,550 per month.
Growth & Expansion:
Very little marketing is being done as the seller is plenty busy. An increased marketing budget however should easily generate more business should a new owner want to grow the company more quickly.
Established Home Remodeling Company, with $298K SDE!!!
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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
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