Booming Home Renovation Business For Sale-1.6X SDE

Business Overview:

This high-end residential remodeling business captures the margins of a high-end kitchen dealer and high-end contractor.  Family owned for six-decades, we have launched a confidential sale process to transition ownership.  With virtually no advertising expense, the business operates with a sterling reputation in Fairfield, New Haven and Litchfield Counties which are among the wealthiest and most-house-focused demographics in America.

Based on its reputation, repeat business and referrals, business is booming:  Between January 2024 and March 2024, the business booked over $2.1 million in new orders.  

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Property Features and Assets:

The real estate is the jewel of this business's ability to generate long-term wealth:  A modern,highly attractive, custom-built showroom and offices on a main, high-volume road, consisting of a 1,824SF Commercial Building on 0.48 Acres (zoned C01) on the main N-S throughfare of a town located in Western New Haven County, but contiguous with both Fairfield and Litchfield Counties.  

Buyer of the business ($400,000) has the option: 

(1) Purchase the real estate (preferred by the Seller) for $750,000
(2) Lease the real estate for $48,000 NNN
(3) Relocate or consolidate the business into existing operations.  

Both the business and the business and real estate have been pre-qualified for lender acquisition financing.  

Assets = $60,000

Market Competition and Expansion:

The high-end residential home remodeling business is highly fragmented.  This business competes on its reputation in the market and with its long-time, highly trained employees. 

Western Connecticut's high-end residential remodeling industry experienced a spike in revenues and activities during Covid as the area saw an increase in home purchases, values and renovations projects.  The increase in interest rates has put a dampener on homes sales, but the home renovation section remains robust for upgrades for kitchens and bathrooms.    

Reason for Selling:

Additional Details:

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