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Kitchen Re-Modeling Business in New London

New London, CT, USA
Updated 195 days ago

If you have a niche for remodeling and beautification, then this kitchen and bathroom re-modeling business is for you. Beautiful location in the heart of the city, with an outstanding reputation of over 40 years. Long history of kitchen and bathroom re-modeling applications. Nice-sized showroom with ample space. Retains a vintage look. The shop is 5000 sq. ft., in addition to 2500 sq. ft. showroom and 7500 sq. ft. storage space. The showroom value is $225k, and the business includes $75k in equipment. Seller is semi-retired and has not been actively adding more clients for several years. Top performing years averaged $1.1m in sales. Business is located in a 24k sq. ft. building, that is also available for sale. If the buyer does not want to purchase the real estate, the seller is willing to negotiate a competitive lease. The asking price is $150k, but if you do not require any financing, the cash price is $150k. The seller owns two locations with property, each available to be purchased directly from the seller. Seller is available for training, and wants to find a qualified buyer with prior knowledge of the industry.

Financials

Asking Price
$150K
RevenueMost Recent Year
$185K
Earnings (SDE)Last Reported
$80K
Assets Value
Undisclosed
Seller Financing
Subject to Negotiation

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