SOLD!! Home & Bath Remodeling Company For Sale
Immediate Release:
Successful Chicago based contracting business
Stellar Reviews on Social Media - Yelp, Angies List…
Servicing Chicago North Side Residents
Pipeline In Place
Training & Transition Provided
This well-established, must see home and bathroom remodeling company is located in an affluent North Side Chicago neighborhood. The Company has steadily grown its revenues every year since its inception. The Company’s fantastic reviews and great web presence have allowed it to remain busy year-round, even during the months most other similar businesses experience slumps. The Company has multiple revenue streams including bathroom and kitchen remodeling, a full-time electrician for service calls, and a handyman division. The Company thrives in the middle ground between larger full remodels and small hourly jobs.
The majority (approx. 80%) of the Company’s revenue comes from bathroom remodeling. This has allowed for the Company to focus most of its efforts and specialize in all aspects of the service. The other 20% of the revenue is made up of general remodeling, electrical and handyman repairs.
The Company’s primary customer base is middle to upper middle class residential and commercial clients. It has a large amount of repeat and referral business. Multiple real estate offices use and recommend the Company to their customers. The Company also receives many of its referrals from other trade contractors such as plumbers, larger contractors and its material vendors.
Interested buyers are required to execute an electronic NDA and provide a LinkedIn profile or resume prior to the disclosure of the name and location of the Company.
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates out of a 3000 sq ft office and workshop space plus 800 sq ft basement. 1500 sq ft is used for office and 1500 sq ft is used for a workshop and storage. The office space is very modern and outfitted with top of the line technology. The Company rents the space from a third-party landlord. The lease will expire at the end of 2018 with the opportunity to sign an additional 3 years.
Growth & Expansion:
There is a tremendous amount of growth opportunities for the business and industry. Adding additional sales staff, subcontractors and employees could drive revenue up even more. New services could be incorporated to drive growth. The Company currently sticks with bathrooms and small remodeling projects and has become very proficient in this one niche. It would be easy to add different trades to the business and expand the services offered. A few of the other services that could be added are HVAC, siding, windows, roofing, hardwood floors and many others.
Seller Financing: Qualified Buyers
$57900
Support & Training:
Mutually negotiated training and transition
Reason for Selling:
Other business interest