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Kitchen And Bathroom Remodeling Business For Sale

New London, Connecticut
Asking Price:
$150,000 (USD) Inventory / Stock included
Turnover:
$185,000 (USD)
Net Profit:
$80,000 (USD)

If you have a nitch 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 size showroom with ample space that retains the vintage look of beautiful compliments. 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 will 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 available at each 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.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Personal

Employees:
1
Years established:
1972

Other Information

Support & training:

The seller will train the new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

100,000.00 Down & Includes showroom, shop, and inventory. Balance of $75K payable at 6.5% for 3 years. $150K cash price. Property is available directly from seller.

Furniture / Fixtures value:
$330,000 (USD)
Inventory / Stock value:
$80,000 (USD) - included in the asking price

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