Hot Listing
Kitchen-Bath Remodeling Nets $550k
Business Description
Owner retiring after thirty-five-year which consists of a general home Improvement company specializing in high-end replacement of quality kitchens and baths which represents 90% of the yearly sales. The company is a full-service construction company serveries residents in Northern and central New Jersey. This is a family owned and operated company and they specialize in complete home renovations in addition to new construction, and additions. They are also approved as a full-service remodeling company for all indoor and outdoor construction projects. The company has a 2024 gross income of $3,905,253 and a net yearly income of $565,867. They offer the ultimate home experience which improves aesthetics and elevates the functionality and comfort of one’s home. The company offers the highest quality products representing an average 30 to 40% markup for each project. This company offers tailored design consultation services to ensure their clients are fully satisfied. As a fully licensed general contractor with a rich history of experience, no task is too big or intricate, from designing a kitchen or constructing the perfect alfresco entertainment zone, they are experts in the industry. Their primary objective is to offer their clients a diverse range of expertise, top-notch quality, knowledge, and unparalleled professionalism paired with exceptional customer service. Known for its exceptional craftsmanship, personalized service and award-winning design capabilities, the company has become one of the best providers of luxury kitchen, bathroom, and home renovation solutions in the New Jersey metropolitan area. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
About the Business
- Years in Operation
- 45
- Number of Employees
- 14
- Facilities & Assets
- This business opportunity is located in north-central New Jersey, Hunterdon County conveniently located to their customers and on a highly active highway. This business facility consists of approximately 3,770 square feet with an ultra-modern, attractive, and professional appearance consisting of numerous displays and separate offices which maintain their employees. The business is in a free-standing retail facility, with substantial private parking.
- Market Outlook / Competition
- Regarding competition, to the best of our knowledge, no other new competitors are expected near as a competitor to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement with the purchaser. The business fixed assets have an estimated value of approximately $385,000 which is based on the replacement cost, representing general construction equipment, vehicles, licensing, displays, etc. The accurate value of the assets will be calculated during the allocation period.
- Opportunities for Growth
- Regarding growth and expansion, the retail company can be further developed by further improving the marketing and general advertising, in addition to increasing its services such as roofing and siding, etc. Additionally, the company has a limited basic-optimized web site and if adjusted can further develop the business yearly gross sales.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,770
- Rent
- $10,000.00 per month
- Lease Expiration
- 5/13/2035
About the Sale
- Seller Motivation
- The purpose of this business transaction is due to the owner’s retirement after
- Transition Support
- Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser. For Qualifications purposes, this business opportunity does not require any unusual government licensing approval to purchase or operate other than the standard state registration for contractors and the required municipal per
- Financing Options
- Also, SBA bank financing is available for this transaction and seller financing can b
Listing Info
- ID
- 2372770
- Listing Views
- 1213
Listing ID: 2372770 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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