Property ID : SPL25.309/SB40.01
For Sale $60,000.00 - Property Restoration
- A successful Kitchen and Bath Remodeling business with showroom
- Located on the south side of the City of Rochester off a major highway
- Business has been operating for 37 years, and has a great reputation
- High profile web site and Google account included
- Current client base of between 1500-2000
- Current hours are by appointment only
- Seller will stay on for 30 days for training
- Plenty of parking available
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- A full showroom of equipment at a fair market value of $34,300
- Inventory at cost of $ 1,000
OPTION TO LEASE AT CURRENT LOCATION:
Two properties are included in the lease
- 2400 Square Foot Showroom, with Conference Room, and Office
- 1136 Square Foot Building for storage space
Total Gross Rent is $2,000 a month for a 3-5-year lease.
SALES AND SELLERS DISCRETIONARY EARNINGS (Based on relocating into Buyer’s Facility):
2018 2017 2016
Sales: $ 164,983 $ 264,957 $ 234,323
Cash Flow (SDE): $ 27,605 $ 40,223 $ 14,198
The asking price of the business is $60,000, with some financing available to a qualified buyer.
The property is available to purchase for $250,000.
After 37 years the current owner is looking to retire. The current owner is the sole operator. This business is ideal for an experienced owner/operator with a background in interior design, and the ability to sell and work with potential new clients.