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 | : | ebell@sunbeltnetwork.com | ||
USA | Home Page | : | sunbeltofflorida.com |