Profitable Remodel Company Primed to Grow

Prequalified at full asking price by a preferred lender! Situated in the Bay Area of California, the business specializes in high-end residential cabinetry for Complete Home (70%) and Kitchen (15%) remodels, as well as custom closets, in-house offices, and new constructions (15%). Their full-service capabilities from design to installation make this a top choice amongst the competition. The prime 17,000 square foot building includes manufacturing of 15,000-sq.ft. with inventory storage, plus 2,000-sq.ft. of office space with product displays and meeting areas as well. Preferably sold alongside the business, property can be purchased separately and features ample parking, with commercial zoning to handle extra capacities for expansions. Through their maintained website, social media engagements, and referrals from a large, rotating customer base, Revenues for 2021 reached $2,969,198 next to Discretionary Earnings of $452,966 and EBITDA’s up to $315,548. With no individual client making more than 6.4%, nor the Top Five summing over 21% of its annual sales, company is flexible for optimizations and their location has room to accommodate huge increases in projects! As industry research predicts that 80% of home features will become outdated within 15 - 20 years, 2023 will see an added rise of 13% over the average 7% gain of small projects and provide backlogs for potential remodels. Due to limited availability in the immediate area for top product lines offered, company presents giant opportunities to grow and meet demands via strategic partnerships, subcontracting deals, and ambitious advertising. Experienced team of twenty nonunion employees are most likely to remain post-sale and continue quality-focused operations after a smooth transition of six months, with owner keeping current leadership roles throughout. Financials are based on an independent evaluation!
Listing includes Equipment of $469,020, Inventory valued at $75,000 and Current Prepaids & Deposits of $14,756. Property is available for purchase separate of Asking. Inquire IAG for details!