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Business for Sale

Kitchen Re-Modeling Business for Sale inNew London
New London County, CT

Listing #26334

 
Financial Information (non-confidential)
Asking Price $150,000.00 Gross Revenues $185,000.00
Down Payment $100,000.00 Owner’s Cash Flow $80,000.00

Financing: $100,000.00 Down and Includes showroom, shop, and inventory. Balance of $75K payable at 6.5% for 3 years. $150K cash price. Property is available directly from seller.

Reason for Selling:Personal

If you have a niche for remodeling and beautification, then this kitchen and bathroom re-modeling business is for you. Beautiful location in the heart of the city, with an outstanding reputation of over 40 years. Long history of kitchen and bathroom re-modeling applications. Nice-sized showroom with ample space. Retains a vintage look. The shop is 5000 sq. ft., in addition to 2500 sq. ft. showroom and 7500 sq. ft. storage space. The showroom value is $225k, and the business includes $75k in equipment. Seller is semi-retired and has not been actively adding more clients for several years. Top performing years averaged $1.1m in sales. Business is located in a 24k sq. ft. building, that is also available for sale. If the buyer does not want to purchase the real estate, the seller is willing to negotiate a competitive lease. The asking price is $150k, but if you do not require any financing, the cash price is $150k. The seller owns two locations with property, each available to be purchased directly from the seller. Seller is available for training, and wants to find a qualified buyer with prior knowledge of the industry.

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. kg
Marie Goldstein
Senior Business Broker
1-877-735-5224
mgoldstein@vestedbb.com
Servicing Area:
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Marie Goldstein

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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