Highly profitable (fully staffed) home improvement business for sale

Price: $1,715,311

Location: Union, KY

Industry: Other Building and Construction

Listing ID: 01182101.1

Listing Status: Sold

Description

2021 Projected Seller’s Discretionary Earnings of $700,000 (after all franchise fees).
Great growth opportunity to expand into custom storage solutions and high-end window coverings and finishes. In business in Northern Kentucky for over 16 years, with 3.5 sales personnel; 1 office administrator; 4 full-time installers and 2 part-time installers to meet the needs of your customers with quality products in the home improvement marketplace.

Key Strengths or Product Focus:
✓ Consistently profitable, high volume business with tremendous upside potential (1,500 new homes planned for the area annually over next 5 years)
✓ Established reputation includes strong, trusting relationships with local builders, contractors and local municipalities
✓ Well established list of repeat clientele
✓ Financially stable
✓ In-house comprehensive training programs

Two separate franchise brand names (3 territories) via One Franchisor. Franchise fees already calculated into normal operating expenses each year.
Fiscal Year End December 31, 2020 Sales of $1,548,000
Average Annual Sales past three (3) years $1,560,868
Average Annual SDE past three (3) years $440,644

Facilities Information:
One location – Just minutes from major Interstate Highway.
2,400 Sq ft. Warehouse that includes 640 Sq. ft. office/showroom area
Real Estate is available for lease or purchase, but not included in the business sell price.

Reason For Sale:
Seller Retiring (Owners willing to work through a transition period).

Training & Support:
Comprehensive In-house sales and installation training programs available. Fully Staffed - Turnkey Business
Historical Summary:
Family owned and operated since inception 2006.
Reputation for quality products and reliable ongoing services.

Competition:
Widest range of product offerings in the industry Professional Sales Approach – Representatives offer a low-pressure 1-2-hour consult resulting in a full design of the product/space, Follow up process (8 steps of the sale). Low-price policy provides for matching pricing for same or comparable products in terms of quality, features, warranties and service.

Potential Growth:
Two Franchise Brand(s) recognition combined with the company’s local advertising generates consistent ongoing business opportunities in three franchise territories. Fully Staffed - Turnkey Business.

Financing/Terms:
Pre-qualified for SBA 7a loan for 90% of Sell Price

Real Estate Included: No

Type of Location: Owned

Square Footage: 2,400

Franchise: Yes

Relocatable: Yes

FFE Included: Yes

Inventory: $22,000

Inventory Included: Yes

LISTING DETAILS

Total Sales: $2,004,000

Cash Flow: $696,000

FFE: $185,525

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Mike Lohbeck, CBI

Mike Lohbeck, CBI