Status: Sold
Established, Fast-Growing, Profitable Remodeling Contractor - Listing #: 52895
| Listing No: BBF-966-52895 | |
| Category | : | Construction | SIC | : | 1521 | |
| Detail | : | Contractor Home Improvement | Price | : | 3,400,000 | |
| County | : | Lee | Down | : | 340,000 | |
| State/Prov | : | Florida | Disc Earn | : | 1,143,546 | |
| Country | : | USA | Sales | : | 5,582,887 |
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The Company is an incredibly profitable remodeling and maintenance contractor with sustained growth that serves residential customers with outdoor kitchen remodeling, bathroom remodeling, exterior remodeling, kitchen remodeling, home additions, fire and water damage restoration, natural disaster restoration, window installation and repair, trim carpentry, drywall repair, electrical repair, flooring and tiling, painting and decorating, plumbing, pressure washing, maintenance services, and home watch services. Voted best remodeling company 3 years in a row. The majority of customers are individual homeowners. Strong referral network from real estate professionals and property managers. Word-of-mouth from happy customers drives revenue and most customers are repeat customers. 98% customer satisfaction after 14,000 service calls. They recently completed their 18,000th service call. REAL ESTATE IS ALSO AVAILABLE FOR $1,400,000. |
| Reason for Sale | : | Health Reasons |
| General Location | : | Southwest Florida |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 30 |
| : | Years Established: 19 Years Owned: 19 Emp FT: 15 Emp PT: 0 Mgrs: 2 | |
| Non Compete | : | Miles: 100 Years: 5 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | M-F 7-4 |
| Skills/Licenses | : | GC License |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | P/L Statement | Tax Return | Tax Return | |
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | |
| Gross Revenue | 5,582,887 | 2,538,538 | 1,594,050 | |
| Cost of Goods | 3,501,325 | 0 | 0 | |
| Gross Profit | 2,081,562 | 2,538,538 | 1,594,050 | |
| Expenses | 1,304,325 | 2,356,589 | 1,698,356 | |
| Net | 777,237 | 181,949 | -104,306 | |
| Owner Salary | 131,601 | 116,201 | 98,064 | |
| Benefits | 214,408 | 146,124 | 105,729 | |
| Interest Expense | 1,300 | 1,326 | 545 | |
| Depreciation | 19,000 | 42,134 | 19,464 | |
| Other | 0 | 0 | 0 | |
| Discretionary Earnings | 1,143,546 | 487,734 | 119,496 |
| Accounts Rec | 0 | N* | Real Estate | 1,400,000 | Optional* |
| Inventory | 2,500 | Y* | |||
| F F & E | 326,000 | Y* | |||
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 4467 | Square Footage: 2800 | Building Type: Stand alone Bldg |
| Terms & Options: New Lease Available | Expiration Date: 7/31/2024 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 3,400,000 | Down Payment | 340,000 | |
| Working Capital | 100,000 | Loan/Assumable | 0 | |
| Loan Fees | 59,500 | Loan/Seller | 1,524,500 | |
| Closing Costs | 5,000 | Loan/Other | 1,700,000 | |
| Total | 3,564,500 | Total | 3,564,500 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 1,524,500 Mos: | 60 Rate: | 7.00 Mo Pmt: | 30,186.93 | |
| Loan/Other | - Amt: | 1,700,000 Mos: | 120 Rate: | 9.00 Mo Pmt: | 21,534.88 |
| FRANK CAMPOAMOR | Office | : | (239) 849-9334 | |
| ASSOCIATE | Fax | : | ||
| Home | : | (239) 404-9557 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 404-9557 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | fcampoamor@sunbeltofflorida.com | ||
| USA | Home Page | : | sunbeltofflorida.com |