Price: $1,550,000
Location: Hunterdon County, New Jersey
Industry: Construction
Listing ID: CONST154
Recently available for this thirty-five-year young company due to Owner’s retirement. The company consists of a general home Improvement company specializing in high-end quality kitchens and baths which represents 90% of the yearly sales. The company which is a full-service construction company serveries 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 also approved as a full-service remodeling company for all indoor and outdoor construction projects. The company has a 2023 gross income of $3,505,253 and a net yearly income of $535,867. 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 40% 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: $3,523,441
Cash Flow: $535,866
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
Year of Last Acquisition: 1986
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.
Summary
Historical Summary:
This is a twenty-year-old full-service home remodeling company.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any unusual government licensing approval to purchase or operate other than the standard state registration for contractor and the required municipal permits per project.
Competition:
Regarding competition, to the best of our knowledge, no other new competitors are expected near as a competitor to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
Regarding competition, to the best of our knowledge, no other new competitors are expected near as a competitor to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Financing/Terms:
Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
