Diversified Home Improvement Business
Maine
| Asking Price: | $1,700,000 |
| Gross Revenue: | $1,900,000 |
| Rent: | $5,000 |
| Established Year: | 1995 |
| Cash Flow: | $490,000 |
| Inventory: | $55,000 |
| FF&E: | $255,000 |
Listing ID: 2263742Listing provided by BizBuySell
BUSINESS DESCRIPTION
This multifaceted business in the home improvement sector includes diverse products, a retail store, sales outreach, and product installation. The company has a long history of success, steady growth, and high profit margins. Consumers are looking for a trustworthy, well-established company when making a major investment in their home. This company’s longevity and reputation have established it as a trusted brand. The majority of sales are high margin residential transactions. The business has a proficient team of seasoned professionals dedicated to ensuring customer satisfaction and trained to sell at high margins. Ideally, the new owner will be an owner/operator with some construction background and an interest in learning new skills.
DETAILED INFORMATION
Location
Maine
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,300
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The newly remodeled retail facility is well appointed with displays and product samples to provide first-rate in-store merchandising. It offers customers a modern, comfortable atmosphere. Access and parking availability is excellent.
Competition
The business serves both residential and commercial markets, with the residential being the largest. Its market area is primarily, but not limited to, southern Maine. Competition is not a significant factor because it sells exclusive, high quality product lines, provides outstanding service, and excellent warranties.
Growth & Expansion
The business has exhibited steady growth both during and after the pandemic. The industry outlook for the home improvement sector is excellent. Market size in the sector is projected to increase over the next five years. Continued growth is predicted in both the residential and commercial markets. The company has just begun to reach into the commercial market. There is significant growth opportunity there.
Financing
Financing TBD. Working Capital Needed $45,000.
Support & Training
Seller will provide transition training for a new owner.
Reason for Selling
Retirement from full-time business ownership.
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