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Longstanding Specialty Contractor & Design Center

Ottawa County, MI, USA
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Businesses For Sale | Construction Companies For Sale

Listing ID : 1146259

Listed On July 3, 2024 View Count 15

Listing Updated July 3, 2024

Broker Listing ID:
RJ52024
Price :
$525,000
Business Financials & Assets :
Gross Revenue:
$960,000
Cash Flow:
$177,000
Year Established:
2003
Inventory Included:
Yes
Estimated Value of Inventory:
$3,000
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$12,000
Property Details :
Business Details :
Business Can Be Moved:
Yes
Homebased Business?
Yes
Real Estate:
Leased
Terms :
NDA Required:
Yes
Broker Co-Op:
No
Reason for Selling:
Retirement
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

We are pleased to offer an exceptional business opportunity: A contracting & remodeling company with a primary focus on kitchen and bathrooms, featuring a specialty design center. After serving West Michigan for over 20 years the owners of this cash flowing company look forward to retirement after a meaningful post-close transition period for a new owner-operator.

The construction arm of this attractive opportunity has enjoyed a steady increase in revenues year over year by focusing on exceptional craftsmanship. The bread and butter of this longstanding company is the remodeling of kitchens and bathrooms. The owner-operator is complimented by two skilled tradesmen and several long-time loyal sub-contractors. The owner looks forward to offering his skills and tutelage to the buyer through a meaningful transition period post-close.

An incredible complement to this opportunity is the design center component. While a newer addition to the business; customers, contractors, and builders alike have found great value and convenience from this showroom and service. With a full-time designer on staff, along with tried-and-true product lines specially curated to suit the market, customers are sure to find just what they are looking for. Additionally, sound vendor relationships have been fostered and earned creating additional value to a potential buyer. Operating out of a showroom in a desirable West Michigan city a buyer can continue to lease the space at a fair market rate.

Weighted gross revenues over the past several years have averaged $960,000 resulting in an average annual SDE (SDE = seller’s discretionary earnings, the normalized, weighted, historical cash flow of the business available to pay an owner-operator and service debt) of $177,000 over the same period.

The business is being offered for $525,000. The listing price is based on a competitive SDE multiple of 3.0x (3.0 x $177,000 = $531,000). Included in the sale at an incredible value are on-hand materials, equipment with a fair market value in excess of $12,000, transition training, and the goodwill of a business which boasts a 20-year history of successful operations. Additionally, a meaningful sellers note may be available to qualified buyers.
The seller envisions a cash free – debt free asset sale in which the seller retains cash and A/R while retiring all liabilities.

Passive Mobile Pet Grooming Franchise Re-Sale! Turn Key & Operating! 50% Seller Financing Avaliable!
Passive Mobile Pet Grooming Franchise Re-Sale! Turn Key & Operating! 50% Seller Financing Avaliable!

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