Price: $1,600,000
Location: Hunterdon County, New Jersey
Industry: Construction
Listing ID: CONST149
Owner retiring for this highly profitable, home Improvement company specializing in high end quality kitchens, baths, etc. is a full-service construction company serving residents in Northern New Jersey. This is a family owned and operated company and they specialize in complete home renovations in addition to new construction, and additions. They are a full-service remodeling company for all indoor and outdoor construction projects. The company has a 2022 gross income of $3,823,441 and a net yearly income of $836,000. They offer the ultimate home experience which improves aesthetics and elevates the functionality and comfort of one’s home. The company offers the highest quality products representing an average 45%-50% markup for each project. This company offers tailored design consultation services to ensure their clients are fully satisfied. As a fully licensed general contractor with a rich history of experience, no task is too big or intricate, from designing a kitchen or constructing the perfect alfresco entertainment zone, they are experts in the industry. Their primary objective is to offer their clients a diverse range of expertise, top-notch quality, knowledge, and unparalleled professionalism paired with exceptional customer service. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $3,823,441
Cash Flow: $836,000
FFE: $225,000 (Included in Price)
Inventory: $10,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years of success in this particular service industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 1991
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Sunday with hours from 8:00 am to 5:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this retail remodeling company consists of eighteen plus full-time employees who are unaware of the pending sale. The staff consists of various administrative workers, carpenters, painters, and general construction workers. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $58,000.
Location
Security on Lease: Two months
Lease Option: Yes, Available
Monthly Rent: 10,000
Type of Location: Commercial active highway
Square Footage: Regarding employees and payroll, this retail remodeling company consists of eighteen plus full-time employees who are unaware of the pending sale. The staff consists of various administrative workers, carpenters, painters, and general construction workers. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $58,000.
Relocatable?: Yes
Facilities Information:
This business opportunity is located in north central New Jersey, Hunterdon County conveniently located to their customers and on a highly active highway. This business facility consists of approximately 4,000 square feet with an ultra-modern, attractive, and professional appearance consisting of numerous displays and separate offices which maintain their employees. The business is in a free-standing retail facility, with substantial private parking.
