Renovation Contractor For Sale
Location New Jersey,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $6200000
Net Profit / Cash Flow $340000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1953
Number of Employees 50 - 99
Inventory 174000
Relocatable Yes
Number of Employees 50 - 99
Real Estate Owned
Training available
Reason for Sale other interests
Description The Company after celebrating over 55 years of success, is one of the oldest and most respected remodeling companies in the United States. The Company was founded in 1953 by the grandfather, father, and uncle of the current owner. The Company is a well-established brand in the Northeast US and well positioned to take full advantage of a rise in consumer confidence as well as an overall recovery in the housing market.
In 1996 the Company established an ESOP (Employee Stock Ownership Plan), to permit the employees to own one third of the company. The Company is listed as one of the largest remodeling companies in the United States. The company has approximately 60 employees, many of them having been with the Company for over 15 years. As an ESOP company, all employee-owners also share in the success of the company. Additionally, the company has always pushed forward with new technology and marketing techniques, and now utilizes extensive computer applications for all its operations, a sophisticated CRM system, a data base of over 50,000 leads and past customers, and a well-established URL and website that generates strong customer lead flow.
There are three buildings used for warehouses, vehicle storage, material storage and office space. A total of approximately 22,000 square feet is located on an industrial street.
The Company has limited competition in its field since it has a unique product offering.
The company can offer its product line nationally and is limited only by sales.
Financing Depends on buyers credit
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