LISTING DETAILS
Listing Status: New
Asking Price: $1,600,000
Total Sales: $1,835,973
Cash Flow: $716,017
Real Estate Asking Price: N/A
FFE: $58,000
Inventory: $5,000
FFE Included in Sale: Yes
Inventory Included in Sale: Yes
Year Established: 2004
Employees: 2
Description
Business Summary:
Excellent opportunity to own an established and respected residential remodeling business that specializes in kitchen and bathroom projects. The business has been established for just over 20 years and has a stellar reputation which is a testament to the top level project management, design expertise, product knowledge, and high quality craftsmanship that they deliver to the spaces they transform each day. The business is based in Fairfax County, Virginia, holds a “Class A” Contractor’s License (VA), and serves clients across Northern Virginia.
The owner/founder has built a highly regarded business with a reputation providing top notch customer service from start to finish. After two decades in the industry, the owner has decided it’s time to retire and would like to ensure the business is in good hands moving forward. The business performance has been stable and trending upward over the past several years leaving it in a solid position for a new owner to take over the operation. The company does close to 15 kitchens a year with an average cost of just over $60,000 and around 25 bathrooms at an average cost of about $20,000.
This is a great potential acquisition opportunity for a kitchen and bath remodeler or general contractor looking to expand their presence in the area. It can be hard to stand out in the design/build industry in the DC area, but taking over an established business with a long track record of success will exude confidence in your business from day one. The current operating model has been in place for years so it will make for a straightforward transition to the next owner. The possibilities for growth and expansion are endless, so contact us today for full details and to learn more about this business.
Description of Facilities: The business operates out of a home office in Northern Virginia and can easily be relocated within this area with little to no impact on current operations.
Competition: There is standard competition for the industry and market, but this business has been established for over 20 years with an excellent reputation in the market. The DC metro area is an ideal location for a residential remodeling business due to its growing population, high median income, and stable housing market fundamentals.
Growth & Expansion: There are a number of ways to grow and expand the business. The customer base has largely been developed through word of mouth and referrals over the years. There is opportunity to hire additional team members and take on new projects or expand the scope of work. There are minimal advertising and marketing efforts in place, so a new owner might wish to make some investments in those areas to create awareness of the business and its services.
Seller Financing Available: Yes
Seller Financing Terms: Depends on the final purchase price, terms, and qualifications of the buyer.
Reason for sale: Owner is retiring.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
