Looking for a buyer.
The next owner is set up for success at this absentee residential remodeling company in Iowa. With years of expertise in the home remodeling industry, this company has more than $1,600,000 in the pipeline for Q1 alone, which annualizes out to $6.4M in total projected revenue! Each year they serve 90+ clients and are on track this year to complete over 120 jobs! This well-established business has been in operation since 1988 and provides a seamless and practical approach from design through completion. This experienced team provides a “one-stop-shop” approach to residential kitchen and bath remodels. This business controls the quality and timeliness of every installation by completing all work in house except for countertop instillation. Their complete showroom and an onsite designer provide 3D renderings for projects that allows for stress-free selections. Most projects happen in the kitchen (45%), the bathroom (45%), as well as other remodeling projects throughout the home. An incredible asset of this business is the well-trained and experienced team who are cross-trained in many different skills and many of whom have a long tenure with the company. Leads manage the projects, and the general manager handles the day-to-day operations with the help of an office manager. There is nearly $1M in assets including the company’s 14 vans, power tools, and inventory. The team works out of a 4,000 sq. ft. office building. The owner of the business owns the facility under a separate entity and would be willing to lease to the next owner. With a solid reputation in the area, the business has a long-standing relationship with customers; they are able to keep their service area within a 30-mile radius of the Des Moines metro.

listing type
exclusive representation
industry
Construction
location
Des Moines, IA, USA
revenue
$4,353,444
ebitda
$1,061,153
proposed price
$4,200,000
owner financing
$525,000
equipment
$918,000
SBA eligibility
yes
collateral
Cashflow
Equipment
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