Profitable and successful home remolding company – Premium Franchise

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Top of the line home remodeling business - Premium Franchise
Asking Price:
$529,000

Gross Revenue:
$896,810
Cash Flow:
$152,782
EBITDA:
$152,782
Inventory:
$73,000
included in asking price

FF&E:
$78,700
included in asking price

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Business Description

Well established franchise specializing in full service remodeling. They offer a unique product line which includes engineered quartz and stone products as well as Italian glass mosaics. While most of the current work is done residential there is a large opportunity for growth if the new owner chooses to pursue commercial work. The business is built for success! The sellers hired and trained an excellent team to do sales and installation. A new owner could pick up where they left off. Discretionary earnings in 2016 were $253,000.

About the Business

Year Established:
2005
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
6,600
Lease Amount/Mo.:
$2,900.00
Facilities:
All fabrication of the product is performed at the current location in a 6,600 square foot space with approximately 5,000 square feet dedicated to fabrication, parking, and inventory storage. 1,600 square feet is dedicated to the showroom floor.
Market Outlook/
Competition:
There is no direct competition for this franchise. Others in the market place cost much much more than this franchise product.
Growth & Expansion:
There is serious upside potential if the new owner wants to take on commercial accounts. Current business is 98% residential and has been asked to bid on a 300 unit apartment complex, which would double annual sales. Cash flow in 2016 was $253,000.
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About the Sale

Reason For Selling:
Family responsibilities require owner to frequently be in Dayton.
Training/Support:
In addition to franchise support and training, the owner understands the potential loss of institutional knowledge and talent involved with sale of the business and the owners departing. To support a successful transition, the owner will work with the new owner to develop a training and transition plan satisfactory to both parties.

Listing Info

ID:
1478397
Ad Detail Views:
106

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Business Listed by

Michael Hoyle

Sunbelt Cleveland and Northeast Ohio

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