Sold
Design/Remodeling Business building profits for over 38 years
After 38 years, the owners of this design/build remodeling company located in Ventura County, California have decided to retire. They are a one-stop shop, working with their upscale clientele designing, building and installing kitchens, bathrooms, and other home remodeling projects. They have a kitchen and bath showroom, where they display 4 lines of cabinetry, 5 lines of quartz countertops, hardwood flooring, Luxury Vinyl flooring and cabinet hardware.
The business consistently receives 5 star ratings from Google, Houzz, Guild and others. Their hundreds of written testimonials speak to their outstanding quality of construction and satisfied clients. They have a focused niche oof higher end homes, and their upper segment clientele has proven recession-resistant over the years.
Their proven process begins with design services, where they meet with their clients and discuss the project, whether a kitchen or bath remodel, a room addition or the design and construction of an outdoor kitchen and living area. They handle the jobs from beginning to end, obtaining necessary permits through budgeting and on-time delivery.
This business requires a B-1 General Contractors License.
Listed By: Steve Barnett
Background information
Reference:
VBB123
Year established:
1985
Reason selling:
After 38 years, the owners are selling the business to retire and pursue other i
Finance
Sales:
$3,193,952
Profits:
$540,413
Profit type:
Discretionary Earnings
Operations
Employees:
6
Equipment:
Included in asking price $50,000
Inventory:
Included in asking price
Premises
Facility:
The business operates out of a leased 1600 sq. ft. showroom and office along with an additional storage facility.
Square footage:
1600 sq ft
Rent and lease terms:
$3,848 per Month
Location:
Ventura County, CA
Opportunities
Growth:
Currently only the owner does the initial contact with new prospective clients for the company. The hiring of additional sales staff would result in increased revenues and profits. Expansion into adjoining territories would allow for quick and incremental growth.
Price and terms
Price:
$1,199,000
Financing:
The owner is willing to assist with SBA bank financing by carrying a note of up to 10
Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. The owners will train a new owner for up to 6 weeks at up to 20 hours per week.