Kitchen and Bath Remodeler with 8% Net Income! (37842)

Seller Financing Available

Prequalified at full asking price by a preferred lender! Situated in the Treasure Coast of Florida, business specializes in remodeling and design services, plus a range of flooring and countertop products for kitchens and baths in-county. Providing a year’s warranty on labor, company also offers removal of old cabinetry and installs of new material, such as lumber, marble surfacing, luxurious granite, tiles, and more. Boasting three decades of ongoing experience and strong reputations, Revenues for 2022 reached $1,342,000 alongside Discretionary Earnings of $240,000 and over $142K in EBITDA. Property is a set of two workspaces that together measure 7,500 square feet and feature leasehold improvements of $50,000, including areas for both storage and showroom purposes. Expiring in 2023 with options to renew, the Real Estate holds an annual tenancy of $42,000 and is found in excellent condition, zoned for industrial use to handle additional capacity. Through years of ongoing experience and great reputations, potentials for growth are presented, such as partnerships with suppliers and strategic intents to expand client outreach. With no individual client making more than 10% of their 2021 income, company enjoys a flexibility and offers new optimizations to attract different markets and for a sales increase. A reliable and long-standing personnel of six nonunion employees are most likely to remain post-sale and continue with quality operations after a transition period of three months. Besides maintaining a website and social media engagement, advertising efforts rely on word of mouth referrals and generational loyalty from their large and rotating customer base. Financials are based on an independent evaluation!
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