High-End Home Renovation Business
New Haven County, Connecticut
| Asking Price: |
Gross: |
Cash Flow: |
| $400,000 |
$2,088,337 |
$205,733 |
Furniture and Fixtures Value:
$50,000 (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:
This high-end residential remodeling business, family owned for six-decades is the object of a confidential sale process to transition ownership. With virtually no advertising expense, the business operates with a stellar reputation in Fairfield, New Haven and Litchfield Counties which are among the wealthiest and most-house-focused demographics in America.
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| Year
Business was Established: 1961 |
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| Number of Employees:
6 FT |
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| Facilities / Terms of Lease:
This high-end residential remodeling business operates out of a modern, highly attractive, custom-built showroom and offices on a main, high-volume road, consisting of a 1,824 SF 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)
(2) Lease the real estate for $48,000 NNN
(3) Relocate or consolidate the business into existing operations. |
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| Potential
Growth/Expansion:
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 as owners stay there has been little pause in the level of home upgrades for kitchens and bathrooms. |
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| Competition:
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. |
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| Owner
willing to finance:
Lender pre-screened with $80K down. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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| REQUEST MORE INFO |
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