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Highly Profitable Residential Design And Renovation Business For Sale

Montgomery County, Maryland, US
Asking Price:
$895,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,610,088 (USD)
Cash Flow:
$412,519 (USD)

This contractor business offers a full scope of services from design to home improvement. Their consistent success is partly due to their process from design to home improvement (we are talking HGTV style). They work with high end clients which has turned into repeat business and a good referral source. With over 20 years of professional home improvement experience, licensed and insured, this well established contractor has a long term strong team in place that would stay on with the new owner. This is NOT the guy and a tool belt type of business. It is a more developed business from design to concept with a strong infrastructure in place, one stop shop.

Property Information

Real Estate:

Lease

Premises Details:

The studio is 1350 sq. ft. Rent $1194 per month. Lease is through 4/30/2021 with a five year option.

Business Operation

Expansion Potential:

The business is doing so well and is highly profitable, however, there is still room for tremendous growth with more aggressive advertising, networking and offer financing. The owners choose not to take on more opportunities to keep income and growth at a certain level. However 2020, goal is to hit $2M in revenue.

Competition / Market:

The design and home improvement market is very competitive. This company has carved out their differentiation to deliver a quality dependable service which stands out from the competition. They have a substantial amount of repeat business. Client base is Montgomery and Howard County.

Reasons for selling:

The owners would like to do something else and work towards retirement.

Trading hours:

Monday-Friday 9am-5pm

Employees:
6 FT / 1 PT
Years established:
12 Years

Other Information

Support & training:

Will train for 14 weeks @ $10,000 cost.
This contractor offers design work and home improvement general contracting services with MHIC license. They will work with the new owner to get their MHIC if they do not already have one.

Financing available:

Lender pre-screened with $179,000 down.

Furniture / Fixtures value:
$15,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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