Remodeling Company, Seller Motivated to Retire!

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UPDATE!! 40 Year Old Growing Cash Flowing Remodeling Company
Asking Price:
$185,000

Gross Revenue:
$319,458
Cash Flow:
$90,292
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$23,500
included in asking price

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Business Description

UPDATED FINANCIALS!! This 40 year old company is on the grow. Owner has REDUCED asking price to sell, and is VERY motivated to sell. The owner will stay on for an extended time to train. Very strong cash flow for an interior remodeling company in southern Wisconsin. Providing full-service build outs for commercial, residential and new construction of all essential areas. Business includes a large, beautiful showroom, displaying many brand name fixtures, tiles, and many products. The showroom and office spaces boast over $400,000 in build-out and leasehold improvements. Plenty of office space available for additional growth. All work is contracted out to many former employees of the business. Owner only does estimates, and makes a few deliveries of product and supplies.

About the Business

Year Established:
1982
Number of Employees:
1
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
7,800
Rent:
$3,600.00 Per Month
Facilities:
The business is located in a 7,800 sqft warehouse/showroom/office space that is underutilized. Landlord is motivated to sign longer lease. The front showcases a beautifully laid out showroom of tile, and bathroom/kitchen fixtures. Plenty of spacious office space available for growth. Ample warehouse space for overstock, inventory, and a shop.

The seller has been in the construction industry for over 45 years. Business has been in operation for over 40 years in multiple locations throughout southern Milwaukee.
Market Outlook/
Competition:
Only one competitor in general area of the same type of business scope. This business wins head to head bid every time.
Growth & Expansion:
Current owner only has small amount of advertising on the radio, and makes personal contact with potential commercial clients on a limited basis. By utilizing additional internet advertising resources, and attending trade shows could prove to be a good use of marketing dollars.
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About the Sale

Reason For Selling:
retiring
Training/Support:
4 weeks
Seller Financing:
115000.00

Listing Info

ID:
1515598
Ad Detail Views:
459

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Business Listed by

Eric Stewart

Transworld Business Advisors of Milwaukee
License# 85235-94

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Source: American Community Survey (2010-2014), United States Census Bureau.

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