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Design & Buildout for Residential Homes

North Platte, Nebraska

Asking Price: Gross: Cash Flow:
$1,425,000 $2,737,041 $396,784

Furniture and Fixtures Value:
$471,435 (included in the asking price)

Inventory Value:
$0 ( not included in the asking price)

Real Estate:
$0 ( not included in the asking price)

Business Summary:
Project management for residential renovations with over three decades of building a strong reputation. Whether it's a small powder room, a luxurious master bedroom, or a functional kitchen used to entertain, they can handle all aspects of the remodeling process. Their services primarily cater to residential clients, but they also undertake the occasional commercial project upon request. They have a team of skilled professionals who can transform any room into a beautiful and functional space. The dedicated team includes: two carpenters, one designer, one marketing professional, and one bookkeeper. The owner is full time, overseeing the operations, providing estimates, and meeting with clients. The business operates out of a spacious 2,400 square foot showroom providing clients with an opportunity to explore various design options and visualize their projects. They lease the showroom for only $1,887 per month. The reason for selling is the owner's retirement planning, though he is looking forward to staying on board for 2-3 years. The owner is willing to finance 10% of the purchase price in order to show his vested interest in the continued success of the business post-close. Priced at $1,425,000, a 10% down payment of $142,500 will return $191,612 in the first year after debt payments! A 134% return on investment! Their full-service approach covers all aspects of interior design, including bathroom remodeling, cabinet installation, and home design.

 
   
   
Year Business was Established: 1990
   
Number of Employees: 5  
   
Facilities / Terms of Lease: 2,400 sq ft show room leased at a low $1,887/mo.  
   
Potential Growth/Expansion: Adding more staff members to handle the influx of work  
   
Owner willing to finance: 10% Buyer Down Payment $142,500 10% Seller Financing $142,500 80% Bank Loan $1,140,000  
   
Owner willing to train: 1-3 years  
   
Reason for selling: retirement  
 

 

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