Asking Price: $89,000 Gross Revenue: $224,827Cash Flow: $70,282 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
A great opportunity to inherit an established kitchen and bath remodeling business that has shown large strides in profit growth year over year. This franchise company is an industry leader nationwide that focuses on cabinetry and countertops. Projects range from one-day updates up to fully custom remodels with a ticket price that can vary from $1K to $25K. The business has been established in Knoxville since 2016 and has received ALL FIVE-STAR reviews on Facebook AND Google! The owners have won the National Project of the Month award twice from their corporate office. Sales increased by 45% in 2017 and 17% in 2018 (total sales were $224K with $70K in cash flow this past year). Plus, the company averages 15-20 viable leads per month.
About the Business
Number of Employees:
The owner has built the business up and laid a solid foundation for continued success. The corporate franchise office provides great training, support, marketing and assistance to all its franchisees. Owner will cover franchise transfer fee to buyer. (Note, to launch a new franchise with this company is $72K).
There are other remodeling businesses that focus on any and all projects. This company has created a niche for specifically remodeling kitchens.
Growth & Expansion:
The owners have laid the foundation for this franchise company in the Knoxville area. They have 300 total leads (approximately 225 qualified leads!) to turn over to the next owner. The owners have 32 viable bids out currently.
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
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