Interior Remodeling With Cabinet Fabrication

Business Overview:

This leading home remodeling business was established in 1992, and is situated in the heart of Lincoln, Nebraska. Catering to the needs of Lincoln and its surrounding communities within a 30-mile radius. They offer an extensive range of services including kitchen and bathroom remodeling, additions, home interior finishes, flooring, design/ fabricationand installation of cabinetry, and virtual reality walk-throughs.The company’s service breakdown consists of 90% remodels and additions, with the remaining 10% dedicated to finished carpentry projects. Primarily serving two clientele groups: general contractors and homeowners. The business operates from a spacious 3,500 square feet, two-story building. The first-floor houses storage and a workshop area while the second floor boasts a finished office space. The staff consists of onecarpentry professional and subcontractors for project management, base and finished carpentry. The owner iscontemplating a career change, leading to the decision to sell. The transition period for the new owner can range from 6 months to 1 year depending on their preferred level of involvement. Owner spends approximately 20 hours per week managing financial oversight, completing quotes/bids, coordinating subcontractors, and performing site visits. Priced at $715,000, a 10% down payment of $71,500 returns $236,167 in the first year after debt payments! Growth opportunities include expanding the service area, development of proprietary tools, and implementing a marketing strategy.

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Property Features and Assets:

Equipment: $80,800

Target Working Capital: $66,609

• AR: $55,945 - AP: $25,926

Market Competition and Expansion:

Expanding the service area, development of proprietary tools, and implementing a marketing strategy

Reason for Selling:

Additional Details:

Documents:

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