Location: Home-based business with a 20 x 20 ft shop
Territory: Memphis, TN with a 30-40 mile radius
Established: 2021
Employees: 5 (including owner)
Gross Revenue: $1,500,000
Net Profit: $250,000
Equipment: Hand tools
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Business Overview
Dive into the booming home renovation market with this premier bathroom remodeling service based in Memphis, TN! Established in 2021, this thriving business has quickly gained a stellar reputation for high-quality work and exceptional customer service. Operating from a convenient home-based location with a 20 x 20 ft workshop, the business caters to a wide client base within a 30-40-mile radius of Memphis.
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Financial Highlights
• Gross Revenue: $1,500,000
• Net Profit: $250,000
These impressive financials reflect a strong, profitable, and sustainable business model, offering an excellent return on investment.
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Operational Structure
The business operates smoothly with a team of 5 dedicated employees, including the owner, who focuses on administrative and strategic roles. The skilled team ensures every project is completed to the highest standards, maintaining the business's reputation for excellence.
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Market Opportunity
Memphis and its surrounding areas present a lucrative market for bathroom remodeling services. With homeowners increasingly seeking to upgrade their living spaces, the demand for professional, high-quality bathroom renovations is on the rise. This business has effectively tapped into this growing market, delivering top-tier services that cater to the diverse needs of its clientele.
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Competitive Advantages
1. Established Brand: Benefit from strong brand recognition and a loyal customer base.
2. Experienced Team: A skilled workforce that guarantees high-quality project completion.
3. Proven Business Model: Consistent financial performance and growth since inception.
4. Strategic Location: Serving a broad area around Memphis, TN, providing access to a large potential customer base.
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Conclusion
This bathroom remodeling service business is a golden opportunity for an entrepreneur or investor looking to enter the lucrative home renovation industry. With a proven track record, strong financial performance, and an experienced team, this business is well-positioned for continued growth and success. Don't miss out on this chance to own a thriving, well-established, profitable business!