ESTABLISHED PROFITABLE NORTH TEXAS KITCHEN AND BATH REMODEL BUSINESS
Listing: #FW00032Daniel Ferguson
Broker | Fort Worth
About this Business for sale in North Texas
ESTABLISHED PROFITABLE NORTH TEXAS KITCHEN AND BATH REMODEL BUSINESS
INCLUDES REAL ESTATE!!!
This, well established, North Texas kitchen and bath remodeling company began operations in 1995 as a general-contracting home remodeler. The business provided interior and exterior enhancements, as well as turnkey additions. By 2016 they honed their skills in kitchen and bath sufficiently to establish a niche market for themselves in Fort Worth and surrounding area. The rest is history. Since then, the Business has been awarded the #1 remodel company and boasts the most local five-star reviews in the metroplex. Over its 29-year history, the Company has earned a reputation for excellence. As such, the Business has developed and enjoys a 20% to 30% repeat and referral customers annually.
Located in central Fort Worth, the business has been able to aggressively serve the west side of the Metroplex and its surrounding areas. Over the last four or five years, as the owner has approached retirement age, the Business’s rapid growth has only recently begun to slow down. The Company is poised for explosive growth should an energetic buyer be willing to rekindle a few proven practices such as adding a salesman or developing another crew. In addition, the already established reputation in Kitchen and Bath remodels would make a great springboard into, once again offering general remodeling, which could easily double the size of the Company in the short-term. To assist in this process, a new buyer will enjoy 4 months of previously scheduled backlog of work, one year of advertisements paid for in advance, and a negotiated period with the owner to ensure a smooth transition and the highest likelihood of success for the buyer.
This facility is zoned for light commercial use and includes a 1232-square-foot house, an 800-square-foot shop, a one-car detached garage, and an extra lot, all situated on ¾ of an acre. The house and garage feature a durable exterior made of brick and hardy siding. The pier and beam floor is insulated with R-19, while all the low-e vinyl windows are energy-efficient. The attic boasts R-30 fiberglass insulation, and the entire house has 35-year dimensional shingles. Additionally, the HVAC system was replaced in 2022.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.