(SBA) Home Remodeling Business in Northeast

Asking Price:

$2,495,000

Financial Overview

Revenue:
$8,728,551
Income:
$1,167,992
Multiple:
2.14x

Business Description

For sale is 14-year-old business that is one of the country’s top home remodeling companies that offers 100% financing. This is a full service home improvement company that serves Pennsylvania, New Jersey, and Delaware. Marketing is done mostly via TV commercials, advertising no-money-down financing for clients to remodel kitchens, bathrooms, or anything else in their home.

Customers call the number on the TV commercial and the sales rep independent contractors close the sales. The customer pays the bank in monthly installments, and the bank pays the company once the project is finished. The company’s advantage is being capitalized enough to pay for the project out of pocket up front, and then getting paid more on the backend by the bank once the project is finished.

The business can be run from anywhere – the owner spends 5 months/year in Florida. He is beginning a GM search on June 1st, 2022 and a GM should be in place by the closing date.

2021 grew to over $1.1M SDE and 2022 will see an even bigger increase in revenue and SDE. The owner is flexible with transition and ready to train a new owner.

SBA Preapproved