This leading home remodeling business was established in
1992, and is situated in the heart of Lincoln, Nebraska.
Catering to the needs of Lincoln and its surrounding
communities within a 30-mile radius. They offer an extensive
range of services including kitchen and bathroom remodeling,
additions, home interior finishes, flooring, design/ fabrication
and installation of cabinetry, and virtual reality walk-throughs.
The company’s service breakdown consists of 90% remodels
and additions, with the remaining 10% dedicated to finished
carpentry projects. Primarily serving two clientele groups:
general contractors and homeowners. The business operates
from a spacious 3,500 sq ft, two-story building. The first-floor
houses storage and a workshop area while the second floor
boasts a finished office space. The staff consists of one
carpentry professional and subcontractors for project
management, base and finished carpentry. The owner is
contemplating a career change, leading to the decision to sell.
The transition period for the new owner can range from 6
months to 1 year depending on their preferred level of
involvement. Owner spends approximately 20 hours per week
managing financial oversight, completing quotes/bids,
coordinating subcontractors, and performing site visits.
Priced at $715,000, a 10% down payment of $71,500 returns
$236,167 in the first year after debt payments! Growth
opportunities include expanding the service area,
development of proprietary tools, and implementing a
marketing strategy.