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High End Residential Remodeling Company
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $1804682
Net Profit / Cash Flow $165762
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1974
Number of Employees 1 - 3
Inventory 5000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Sellers will train Buyer for 4 weeks included in the purchase price. Additional training at mutually agreeable compensation. Training will include: 3D Architect program; design and project consultation; project management; budget spreadsheet; project eval
Reason for Sale Retirement.
Description Referral based, residential remodeling company, providing high quality workmanship at reasonable prices on a construction cost, plus percentage fee basis to clients in Central Dallas and the Park Cities. The company specializes
in all areas, including but not limited to additions, bathrooms, kitchens, and complete home makeovers. Typical projects range from $25,000 to $300,000. All work is performed by sub-contractors with 2-3 crews typically working at any one time. The business provides the remodeling design (unless the homeowner hires an architect). All bids and construction management are overseen by the business owner. This home-based business has no full-time employees; all crews are subcontractors with a long history of quality and reliable work. Subcontractors are required to provide their insurance for each job. Since its inception it has been a home-based business. Sales have been increasing and 2013 has the highest quote activity of the past 4 years. As the general economic climate in DFW continues to improve, customers are increasingly proceeding with home remodeling. Seller is willing to remain in an part-time, contract role if desired by a buyer. Seller would provide design/creating services for $1200/project (vs typical $6,000 architect fee). Seller is also willing to help sell new jobs on a commission basis.
The asking price for the assets of the business is $150,000 ALL-CASH or $210,000 with $70,000 down and $140,000 seller financing to a qualified buyer (5 years at 8%, monthly payments of $2,838.70). The assets include FFE
(Furniture, Fixtures, Equipment) valued at $5,000. Any accounts receivables will be retained by the Seller
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