Remodeling Experts in Marin & Sonoma - Kitchen & Bath
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Background
| BizEx ID: | BizEx1447-EM |
|---|---|
| General Location: | Marin and Sonoma Counties, CA |
| Category: |
Consumer Services (B2C) Construction |
| Years in Business: | 38 |
| Under Present Owner: | 38 |
| Hours of Operation: | Mon-Fri, 8:00 - 5:00 |
| Owner Hours: | Varies |
| Training: | 4 weeks @ 40 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | 2025 |
| Lease Options: | Buyer to Sign New Lease |
| Building Size: | 1000 |
| Employees: | 3 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $400,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $200,000 |
| Discretionary Cash Flow: | $Call |
| FF&E: | $150,000 |
| Inventory Included? | Yes |
| Inventory: | TBD |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $1,200 |
| Payroll: | $7,000 |
| Financing: | Call |
Description
Home Remodeling Specialists for all facets of residential construction - Kitchens, Bath, Door Replacement experts. They design and build all projects.
The company has been a success residential home builder and remodeling company for the better part of the past 44 years. Great reputation and very profitable. The company is comprised of 3 separate divisions.
Only 1 Division is currently for sale - Not all 3.
For Sale -
- Rights with Dealer for North Bay and whole Easy Bay (East Bay Dormant now) – would have access to all the Home Depot accounts in the Bay Area (Now we are working with 3 of them)
- 800K in Established Revenue over 4 years
- 48% Produced Margin- can show a history of this
- Comes with
- Sales Person who gets 10% of the sale
- Production manager who is paid 90K a year now and could run the company doing 3 times the volume
- This leaves 26% margin money
- Two Vans (Loans balances $ 35K approx.)
- North Bay warehouse lease ($1,200 month) and forklift
NOTE: the company is currently operating in the RED in 2024. The seller is looking for a seasoned construction company that would be interested in buying them out for 1 division. He is hoping that this company could "right the ship" and streamline operating to become profitable again. We are only engaging with qualified construction operators.
For more information, please complete the BizEx Buyer Registration at https://www.bizex.net/buy-business/register.
After registration that includes an online NDA, Broker Eric Mellem
Eric Mellem emellem@bizex.net (310) 293-6414
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
