Multiple Growth Routes for Add-On Indoor Remodel Biz! (17867)
| Asking Price: | $249,000 |
| Gross Revenue: | $623,000 |
| FF&E: | $75,000 |
| Cash Flow: | $95,000 |
| EBITDA: | $47,165 |
| Established Year: | 2007 |
Situated in Rockingham County this business specializes in design & sales for kitchen & bath cabinetry & countertops. Well-established relationships with approximately 10 suppliers, a range of stock & custom products are strategically selected based on 20 years of industry experience. With a distribution channel, they direct ship product lines through to other kitchen dealers. The owners have had 15 years of success based on the excellence of the services provided. This foundation has created consistent clientele & momentum of continual sales for new ownership. The growing customer base is a versatile mix of builders, remodelers, homeowners, & kitchen dealers. Revenues in 2023 spiked to make over $623,000 alongside Discretionary Earnings of $95,000 and gross projections continuing this growth trend into 2024! Adding freelance designers & interior decorators with commission-based incentives would easily take this company to the next level & create an environment of optimization & flexibility for new ownership. Implementing structured media marketing or merging a companion business with new product lines are also approaches sure to increase sales. The owners provide design & sales service. Delivery & subcontractor services in place are based on ongoing relationships that would remain with sellers training & mentoring for a smooth transition. The showroom is conveniently & strategically located near the NH seacoast & lakes region, drawing sales from Massachusetts & Maine. It features 1,658 SF; 315 SF is unused with the potential to be utilized for flooring or other home improvement products. The showroom includes 8 displays, 8 merchandisers, an office/closing room, & two more separate workstations. There is also enclosed storage for truck-to-trailer product storage. The nature of this business is 100 % special order so there are no requirements of carrying or balancing inventories. A clean business to buy, poised for growth, in a growing industry.
