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Businesses For Sale   >>   Virginia Businesses For Sale

Remodeling Services For Kitchen And Bath Business For Sale

Location  Virginia,United States
Asking Price Range  < $250K
Gross Revenues  $853207
Net Profit / Cash Flow  $65153
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1994
Number of Employees  4 - 5
Inventory  194100
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  Working owner is willing to stay on as a full-time contractor for up to one year.
Reason for Sale  Owners no longer wish to own the business.

Description  
Drawing customers throughout northern Virginia, this full-service company for sale is independently owned and operated, offering several options to ensure a personalized and customized approach to their client's needs in kitchen and bath remodeling and custom cabinetry for the entire home. Customers include homeowners, architects, designers, builders and other remodeling firms. Since 1994, the superior craftsmanship coupled with the use of high quality products and excellent customer service has helped build and fuel both the reputation and referral business of this company. Many companies in the area sell and install pre-fabricated cabinets, but what sets this business apart from its competitors is the ability to also design and build custom cabinetry in its fully-equipped manufacturing facility. Referrals alone make up nearly 100% of business. Additional exposure results from the company's website, featured projects in magazines, and publication of authored articles for a professional organization. The sellers have spent the last 20 years building a sustainable business, and the new owner will benefit from the loyal customer base, experienced employees, and a market that continues to grow. The sellers have developed a growth plan that they will share with the new owner at the appropriate time and help implement during the transition period. The business is located in a well-maintained commercial condominium unit that is accessible to the highway with ample parking. The condominium includes a large office space, extensive new showroom, and a new manufacturing plant. The facility serves more as a "destination" showroom without drive-by or walk-in traffic. The price of the business is $194,100 (appraised value of the assets) plus 20% of the first post-sale year's revenue and 15% of the second post-sale year's revenue, paid quarterly. Revenue: 2013: $853,207 2012: $1,034,752 2011: $1,077,752


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