High-End Home Remodeling Company

Maryland

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High-End Home Remodeling Company

Asking Price: $ 3,500,000

Cash Flow: $260,000

Gross Revenue: $1,300,000

FF&E: $300000

Inventory: $315,000

Year Started: 1990

Business Description

This company has been in business for over 30 years because they know where the money is, and they do a great job. They don’t mess around with the small stuff. Their focus is on remodeling kitchens, bathrooms and basements with a total project cost of over $100K. They turn down the small insurance claims jobs and only take the bigger jobs from clients who can afford to pay out-of-pocket. Business is so good they even have to turn down some of the ideal jobs because they just don’t have the crews to work them. They are very well known throughout the Baltimore area because they do the kind of quality work a luxury home owner would expect and they get a lot of referral business because of their craftsmanship.

After being in business for 3 ½ decades, the current owner is ready to retire. He has made great money for many years but now he is ready to pass his business on to someone else who can really grow it and take it to the next level. By his own admission, the only thing a new owner needs to do is just add a couple new crews and then they wouldn&sbquot have to turn down business like they do now. He just wants someone younger and more energetic to run the business.

A new owner would get a fully operational turn-key business that is ready for someone to just step into and continue making money. The business comes staffed with 5 highly trained and experienced employees who can complete any task assigned. All the equipment needed to run the business and a great reputation in the industry. The owner takes pride in the company he built so he is willing to stay around to help with a smooth transition and ensure the new owner is successful.

Detailed Information

  • Location: Maryland
  • County: Harford County
  • Industries: Building & Construction
  • Employees: 5
  • Age of Business: 34
  • Seller Financing: No
  • Established After Year: 1990

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