Collier County’s Premier Residential Kitchen & Bathroom Remodeler

Collier County, FL
listing image
Cash Flow:$1,600,000
EBITDA:$1,600,000
Gross Revenue:$4,500,000
BUSINESS DESCRIPTION

As a family operated company, the professionals at this outstanding firm bring over 20 years of experience in kitchens, bathroom, and flooring remodeling for homes, townhouses, apartments, and condos across its active area of operations. The Company is known for its exceptional craftmanship in its flooring, cabinets, outdoor kitchens, countertops, and custom closets. The Company operates for commercial and residential customers in Collier and Lee Counties. In addition, the Company is NKBA Certified and is a member of Building Managers International and Business Network International.

The Company also maintains an active blog, providing tips, mistakes to avoid, and methodologies to help customers optimize their remodeling projects in a fun, engaging way. They are considered a market leader within their region, and sell to contractors, retail, and commercial customers. They boast a database with over 6,500 clients and 35% of revenue is repeat business.

INVESTMENT APPEAL

Housing Starts: With floor covering necessary for all new homes, housing represents a considerable share of the Floor Covering Stores industry's market. Therefore, a rise in the number of housing starts in the United States typically leads to higher demand for industry goods.

Favorable Outlook for Economic Growth: The Consumer Confidence Index measures the level of optimism toward economic conditions, including the unemployment rate, economic growth and inflation. When perceptions of the economy are positive, households will spend freely on big-ticket projects, including home renovations. The Consumer Confidence Index is expected to increase in 2022.

Private Spending on Home Improvements: This industry is sensitive to the value of private investments in residential improvements and repairs since reflooring activities are most often conducted during home renovations and remodeling. Therefore, demand for floor covering rises in line with the amount of private spending that households and investors make on home improvement.

Strong Earnings: The Company has experienced strong growth in EBIT, from $254,000 in 2019 to $1,275 in 2021, representing a compound annual growth rate of 124.2%.


DETAILED INFORMATION
Location
Collier County, FL
Inventory
Not Included in asking price
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Emil Nirkis
Generational Equity, LLC
Emil Nirkis