Long Standing Home Renovation Company For Sale in South Florida
Business Description
Long Standing Home Renovation Company For Sale in South Florida
Asking Price: $2,199,999
Annual Figures: 2024
Gross Sales: $4,199,670
Net Profit: $529,992
Expenses: 2024
COGS: $3,093,791
Salaries & Wages: $342,093
Highlights:
- Located in Broward County, FL
- Business started in the 70's. This owner has been doing it for 30 years.
- Mostly residential, some commercial. No new construction
- Most of the work is anything interior and can do some exterior as well
- 2 owners, 1 sales manager, 1 warehouse worker, 1 driver, 1 permit runner, 1 salesperson, 1 bookkeeper, and about 30 subcontractors
- Owners do the bidding mostly. 1 of the owner holds the GC license
- One key man in the business
- Most of the employees have been around 20+ years
- Service area: Miami-Dade County, Broward County, and some Boca Raton
- $200,000 - $300,000 in sellable inventory coming with the sale
- 1 vehicle, 2 forklifts, and everything in the warehouse coming with the sale
- Pipeline of jobs to walk into
- 28 jobs going on currently. Most of the time its 30+
- GC license needed for the business. Owner willing to qualify, if needed
- No advertising. All organic via Google and referrals
- On track to hit same revenue as 2024
- Some seller financing available depending on the rest of the structure of the offer
- Approved by SBA for $1,800,000. Would prefer to use my lenders if the buyer is going the SBA route.
- Reason for the sale: owners have been doing this for so long they just want to get into flipping homes just doing 2-3 a year.
From Tax Return:
2024: Gross: $4,199,670
Addbacks:
Compensation of officers: $524,000
Health Insurance - Officers: $12,026
Personal Vehicles: $40,000
Ordinary business income: ( - $34,008)
Adjusted net income for 2024: $529,992
From Tax Return:
2023: Gross: $4,832,439
Addbacks:
Compensation of officers: $504,100
Depreciation: $16,400
Health Insurance - Officers: $15,640
Personal Vehicles: $40,000
Ordinary business income: $229,406
Adjusted net income for 2023: $805,546
From Tax Return:
2022: Gross: $3,000,976
Addbacks:
Compensation of officers: $301,500
Health Insurance - Officers: $25,197
Personal Vehicles: $30,000
Ordinary business income: $64,601
Adjusted net income for 2022: $421,298
Asking Price: $2,199,999
Annual Figures: 2024
Gross Sales: $4,199,670
Net Profit: $529,992
Expenses: 2024
COGS: $3,093,791
Salaries & Wages: $342,093
Highlights:
- Located in Broward County, FL
- Business started in the 70's. This owner has been doing it for 30 years.
- Mostly residential, some commercial. No new construction
- Most of the work is anything interior and can do some exterior as well
- 2 owners, 1 sales manager, 1 warehouse worker, 1 driver, 1 permit runner, 1 salesperson, 1 bookkeeper, and about 30 subcontractors
- Owners do the bidding mostly. 1 of the owner holds the GC license
- One key man in the business
- Most of the employees have been around 20+ years
- Service area: Miami-Dade County, Broward County, and some Boca Raton
- $200,000 - $300,000 in sellable inventory coming with the sale
- 1 vehicle, 2 forklifts, and everything in the warehouse coming with the sale
- Pipeline of jobs to walk into
- 28 jobs going on currently. Most of the time its 30+
- GC license needed for the business. Owner willing to qualify, if needed
- No advertising. All organic via Google and referrals
- On track to hit same revenue as 2024
- Some seller financing available depending on the rest of the structure of the offer
- Approved by SBA for $1,800,000. Would prefer to use my lenders if the buyer is going the SBA route.
- Reason for the sale: owners have been doing this for so long they just want to get into flipping homes just doing 2-3 a year.
From Tax Return:
2024: Gross: $4,199,670
Addbacks:
Compensation of officers: $524,000
Health Insurance - Officers: $12,026
Personal Vehicles: $40,000
Ordinary business income: ( - $34,008)
Adjusted net income for 2024: $529,992
From Tax Return:
2023: Gross: $4,832,439
Addbacks:
Compensation of officers: $504,100
Depreciation: $16,400
Health Insurance - Officers: $15,640
Personal Vehicles: $40,000
Ordinary business income: $229,406
Adjusted net income for 2023: $805,546
From Tax Return:
2022: Gross: $3,000,976
Addbacks:
Compensation of officers: $301,500
Health Insurance - Officers: $25,197
Personal Vehicles: $30,000
Ordinary business income: $64,601
Adjusted net income for 2022: $421,298
About the Business
- Years in Operation
- 55
- Facilities & Assets
- 7000 sqft warehouse. Consists of a showroom and 2 bays. 1 vehicle, 2 fork lifts, and inventory coming with the sale.
- Market Outlook / Competition
- They do no advertising. Mostly referrals and some Google but they don't pay for Google.
- Opportunities for Growth
- They could take on a lot of more jobs especially on the commercial side because they are mostly all residential now.
About the Sale
- Seller Motivation
- Owners looking to get into flipping homes but only doing a few a year. They have
- Transition Support
- Owners willing to help transition for a few months and qualify the business with the GC license
- Financing Options
- Could be some seller financing available but the business is approved up to $1,800,00
Listing Info
- ID
- 2427109
- Listing Views
- 14
Listing ID: 2427109 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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