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Listed by:

The Firm

Remodeling And Finish Carpentry In Lincoln For Sale

Lincoln, Nebraska, US
Asking Price:
$590,000 (USD)
Sales Revenue:
$1,012,934 (USD)
Cash Flow:
$181,474 (USD)

With over $1MM in sales in 2019, this well-established business specializes in kitchen and bath remodels, additions, finish carpentry, and custom cabinetry design and installation. Serving Lincoln and surrounding communities for nearly 30 years, this highly skilled design staff offers an unmatched experience from beginning to end. Clients include remodeling homeowners looking for a tune-up or additions, and residential/commercial contractors looking for interior finishes in a newly built home. An office manager is already in place, handling all incoming phone calls and e-mails from new and existing clients, as well as quoting, invoicing, scheduling, and ordering. A project manager runs the jobs on site, and 6 experienced laborers make sure the work is top notch from start to finish.

Home remodeling and additions account for 50% of their revenue, 40% is finish carpentry, and 10% custom cabinetry. The company already has $800,000 in signed contracts for 2020, with much more expected in the pipeline through their valued homebuilders. Assets include $78,000 worth of portable equipment, shop equipment, and hand tools used by three crews of laborers.

Growth opportunities are endless. Adding another project manager would allow the company to take on more jobs, as home remodeling and additions is an industry that is in constant high demand.

Property Information

Real Estate:

Lease

Location:

Lincoln, NE

Premises Details:

Lease: 3,500 square feet

Business Operation

Expansion Potential:

Add another project manager to take on more remodels.

Reasons for selling:

Retirement planning

Employees:
9: 1 owner, 1 office manager, 1 project manager, 6 laborers
Years established:
1992

Other Information

Support & training:

6 months - 1year

Financing available:

Purchase Price: $590,000
10% Buyer Down Payment: $59,000
10% Seller Financing: $59,000
80% Bank Loan: $472,000

A 10% down payment of $59,000 returns $93,842 in the first year after debt payments!

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