Status: Sold
Custom kitchen & bathroom remodeling business - Absentee Owner - Listing #: 52949

Listing No: BBF-966-52949  
   Public Pictures:   
Category :  Construction SIC :  1521  
Detail :  Contractor Home Improvement Price :  860,000  
County :  Charlotte Down :  860,000  
State/Prov :  Florida Disc Earn :  156,576  
Country :  USA Sales :  727,125  

Turn key, well known, long established custom kitchen & bathroom remodeling business focusing on high quality, high value, custom built, handmade cabinets, countertops and remodels. Serving the South West Florida marketplace for over 32 years this business has an excellent reputation, great referrals and many repeat clients with work orders booked out several months. Business includes real estate, showrooms estimated at $395,000. An additional workshop is available if required (negotiable) Current owner lives out of state and is an absentee owner. Business is managed and run by the in place tenured manager and current team of staff.



Reason for Sale :  Retirement
General Location :  South West Florida
Organization Type :  Corp 'C'     Hours Owner Works: 0
  : Years Established: 32  Years Owned:  32  Emp FT:  4  Emp PT:  2  Mgrs:  1
Non Compete :  Miles:  100  Years:  3  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday through Friday - (9.00am through 4.00pm)
Skills/Licenses :  General Contractors License
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement P/L Statement  
Year (Cash Flow) 2022 (N) 2021 (N) 2020 (N)  
Gross Revenue 727,125 864,836 618,832  
Cost of Goods 269,081 357,265 221,747  
Gross Profit 458,044 507,571 397,085  
Expenses 398,908 440,286 378,464  
Net 59,136 67,285 18,621  
Owner Salary 63,700 75,100 70,014  
Benefits 0 0 0  
Interest Expense 0 0 0  
Depreciation 32,099 364 28,859  
Other 1,641 4,102 4,102  
Discretionary Earnings 156,576 146,851 121,596  

Accounts Rec 0 N* Real Estate 395,000 Y*
Inventory 0 N* ___________ 0 N*
F F & E 182,000 Y* Total Assets 577,000 Y*
Leasehold 0 N*
*Included?  

Lease/Month: Square Footage: 3600 Building Type: Commercial Strip
Terms & Options: Real Estate Owned Expiration Date:

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Other - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  

EDWARD BELL Office :  (941) 667-1616  
ASSOCIATE Fax :    
  Home :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (941) 667-1616  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  ebell@sunbeltnetwork.com  
USA Home Page :  sunbeltofflorida.com