Home Renovation Company

Broward County, Florida

Home renovation company

Asking Price: $2,199,999

Opportunity Highlights

Annual Figures 2024:

- Gross Sales: $4,199,670

- Net Profit: $529,992

Expenses 2024:

- COGS: $3,093,791

- Salaries & Wages: $342,093

business overview

- Located in Broward County, FL

- Business started in the 70's. This owner has been doing it for 30 years.

- Mostly residential, some commercial. No new construction

- Most of the work is anything interior and can do some exterior as well

- 2 owners, 1 sales manager, 1 warehouse worker, 1 driver, 1 permit runner, 1 salesperson, 1 bookkeeper, and about 30 subcontractors

- Owners do the bidding mostly. 1 of the owner holds the GC license

- One key man in the business

- Most of the employees have been around 20+ years

- Service area: Miami-Dade County, Broward County, and some Boca Raton

- $200,000 - $300,000 in sellable inventory coming with the sale

- 1 vehicle, 2 forklifts, and everything in the warehouse coming with the sale

- Pipeline of jobs to walk into

- 28 jobs going on currently. Most of the time its 30+

- GC license needed for the business. Owner willing to qualify, if needed

- No advertising. All organic via Google and referrals

- On track to hit same revenue as 2024

- Some seller financing available depending on the rest of the structure of the offer

- Approved by SBA for $1,800,000. Would prefer to use my lenders if the buyer is going the SBA route.

- Reason for the sale: owners have been doing this for so long they just want to get into flipping homes just doing 2-3 a year.

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