Contact Information

 

 

Unique Opportunity in Home Improvement for Garages

  • Listing# : 15681
  • Listed Price : $290,000
  • Total Sales : $652,437
  • SIC : 1521
  • Down Payment : $290,000
  • Status : Active
  • Discretionary Earnings : $174,832

Business Type :

Construction / Contractor Home Improvement

Business Description :

This award winning company in the garage enhancement industry provides the total solution for garage storage, organization and flooring. The company designs and installs custom solutions to clean-up clutter in a garage, maximize use of storage space and make the garage a more attractive part of a home. The solution can be a combination of specialty shelving, cabinets, fixed or motorized overhead storage racks and/or flooring. The shelving consists of a patented technology that can support up to 1,000 pounds per every four(4) feet of shelving.

2020 revenues and profits for the company are far exceeding 2019 financial performance. Since Garage enhancement work is done outside the living area of a home and in an open air garage environment, sales are not being negatively impacted by COVID-19. The company has implemented appropriate social distancing, sanitization and hygiene practices while installing client projects. With families staying home, this is an opportune time to remodel and enhance the garage. After COVID, the company will continue to benefit from the trend of more people working from home. 

The company’s reputation is unsurpassed in the industry as clients rave about the quality of work and professionalism demonstrtaed by the owner and installation staff. The company receives outstanding reviews on Google, Angie’s List and Facebook. For 3 consecutive years, the company has won an award as the top business in the residential construction category in one of the communities they serve. The owner and staff consistently succeed in exceeding the customer’s expectations in quality of work and customer communications from start to finish in every customer installation.

Garage enhancement has become more of a priority with home owners, and the industry is now regarded as an $8 Billion industry. The growth opportunities for this company are almost unlimited in the market they serve, and there is very little competition.

A qualified buyer needs general business management knowledge and some sales and marketing skills. Experience in residential construction and home improvement services or products would be beneficial, but not necessary.

 


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $33,788
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $33,788
    • Incl : Yes

Lender Prequalified: No

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Construction