Building & Construction Business For Sale in Virginia

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Cash Flow Rich Home Remodeling Contractor

Location:Virginia

Category:Building & Construction

Asking Price:$ 1,090,000

  • Sales revenue : $2,600,000
  • Net profit : $430,000
  • Furniture/Fixtures value : $36,000
  • Inventory/Stock value : $20,000
  • Cash Flow Rich Home Remodeling Contractor

Business description

This well-known award-winning Home Remodeling Company, specializing in kitchen renovations, major additions, whole house renovations, exteriors and outside living, is located in the Northern Virginia area. The firm enjoys significant and consistent operating margins and documented profitability. This business currently operates from a design center and office space, which provides a strong base of operations for all aspects of the business and plenty of room for growth.

The company has a great reputation by having operated the business in this region for over 35 years. The company has won 50+ industry awards and quality project design and delivery over many years has built significant name and brand recognition. The company is a local market leader and well known for custom, hands on service and high-level customer satisfaction.

The Company has significant growth potential in the existing market – additional sales focus and reasonable marketing efforts in the current service area alone could grow the top line by 20% or over $3M. It is projected that a new owner will obtain additional growth by adding a dedicated Sales Professional and 2 additional Project Managers in the existing service area and by expanding the geographic coverage.

The company has been fully reviewed and internally appraised at 3.3 x EBITDA (ttm). There is $20,000 in Net Working Capital plus another $36,000 in Fixed Assets included in the deal, and by implementing the proposed deal structure an owner operator will obtain more than $220,000 benefit in after-acquisition-debt cash flow in Year #1 – more than 130% return on equity investment.

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Other Information

  • Years Established: 35+
  • Employees: 9
  • Reason For Selling: Retirement (consulting available)
A Neumann & Associates, Llc
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