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Business for Sale Summary

Kitchen & Bath Renovation in New York County, NY - 32461

Business Type: construction heavy,construction special trades,misc. manufacturing/non-classifiable,misc. servicel/non-classifiable,other business services,seller financing available,construction building
Kitchen & Bath Renovation in New York County, NY
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Financial Information (non-confidential)

General Information
Asking Price $400,000 Down Payment $200,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$200,000 Down and $200,000 over 36 months at 6%

Business Description

This is a full service apartment and home renovation firm that specializes in high end condo and co-op renovations in New York City. Their expertise is in kitchen and bathroom renovations, built-in closets, cabinets, painting, wood floor services and more. They also do smaller jobs like rental apartments and small condos. Their revenue potential is strong. The show room is located in one of the most affluent neighborhoods in Manhattan and they have been in business for 30 years. They are one of the most respected master renovators in all of New York. They have a tremendous referral business. Their overhead is extremely low with only one full time employee. The rest of the labor comes from fully licensed master carpenters, plumbers and electricians which are paid on a "per job" basis. The owner has relationships with hundreds of contractors, designers, carpenters and architects, and is willing to stay on as long as needed to train the new buyer. More Importantly, the owner who is an expert renovator with 40 years of experience can stay on as a subcontractor. The store is approximately 1300 square feet and consists of a beautiful showroom and a shop where they fabricate their cabinets and countertops. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.