New Listing: Kitchen Renovation Franchise
Dec 01, 2023 9:04 pm
From the Desk of Josh Grode Wolters, MBA
Happy Friday! This week we have a lovely business that the owner manages full-time. It's a kitchen renovation franchise that specializes in renovation, refinishing, repair, and remodel instead of remove or replace. If you have interest, please reach out. There is a very unique financing opportunity available for the purchase of this company.
Midwest Event Venue
Asking Price:$175,000
Cash Flow:$137,679
Gross Revenue:$364,649
FF&E:$ 96,800 (Included)
Established:2012
Employees:1
The remodeling industry is booming; this is your chance to get in on the action! This franchise has a low-cost entry and high potential profit. Primary services include floor refinishing and sanding, cabinet refinishing and cabinet door replacements, and other furniture and door refinishing. The company offers excellent service and an opportunity for homeowners to refinish, repair, and remodel instead of remove or replace. The business has experienced a 35% growth in revenue in the last three years.
Facilities:
2,200 sq ft shop space is currently leased and available for a new buyer.
Competition:
There is little competition in this space in the area. There is no other company that offers this exclusive package of services.
Growth & Expansion:
Over the years the company has mostly concentrated on residential customers. There is a huge market for commercial work that could be tapped into. There is also an ancillary service available from the franchise that is not offered currently.
Support & Training:
Will train for up to two weeks at no cost.
Financing:
This is a very unique situation where the seller has an SBA loan locked in at a very low interest rate that could be assumed by a buyer in order to cover some or all of the purchase price.
Reason for Selling:
Retirement
As always, I'm looking forward to hearing from you soon!
Happy Friday,
Josh
--
JOSH GRODE WOLTERS, MBA
Business Intermediary
2121 W 63rd Pl, Suite 100
Sioux Falls, SD 57108