Looking for a buyer.
This passive Des Moines based home renovation company is stable and has huge growth potential! Boasting an amazing reputation which leads to repeat clients and referrals, this company has more than $1,600,000 in the pipeline for Q1 alone, which annualizes out to $6.4M in projected revenue! There is nearly $1M in assets including the company’s 14 vans, power tools, and inventory. This well-built operation is passive – with the owner dedicating only 5 to 7 hours a week to the business - but also boasts room to grow if an ambitious new owner wants to lean into growth opportunities. A well-executed hiring campaign to increase the volume of work, as well as possibly opening a satellite location, could drive this business even higher. 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. A 12% down payment of $677,829 returns $718,052 in the first year even after debt payments! 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. 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 is 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. At an asking price of $5,648,580 with a 12% down payment of &677,289, the return is $718,052 in the first year after debt payments!
Des Moines, IA, USA
Des Moines, IA, USA
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