Under LOI

Profitable Residential Remodeling Company – Southeast Michigan

Business Category: Building, Construction Businesses, Restoration, Service Businesses
Location: Michigan

Profitable Residential Remodeling Company

Listing Price:

$650,000

Revenue: $1,528,610

Cash Flow: $252,646

Real Estate Available: For Sale
Reason For Sale: Retirement
Number of Employees: 5

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With over 25 years of experience, this premier residential remodeling company offers high-quality remodeling, renovation, and restoration services to Southeast Michigan residents.

From small additions to whole house remodels, kitchens, baths, basements, porches, decks, and even historic preservation, this company possesses the expertise and experience to handle it all. The Company’s unwavering commitment to delivering quality workmanship lies in utilizing only the best employees, subcontractors, suppliers, and products. Additionally, the Company offers its customers a three-year warranty, giving them peace of mind that their investment is protected.

The Company’s impressive portfolio of completed projects speaks for itself, showcasing their ability to optimize structure and functionality in addition to creating stunning aesthetic upgrades.

As a Lead-Safe Certified Firm, the Company prioritizes the health and safety of their clients and staff by ensuring that all renovations completed are done in compliance with EPA regulations. Several of the staff have also completed the Certified Renovator training course.

The Company maintains strong, long-term relationships with subcontractors. The Company works with 38 separate subcontractors; 13 of which have worked with the Company for at least 15 years.

Opportunities for Growth

(1) Hire Additional Staff: The company has turned down work if they do not have adequate staff to produce work in line with their high standards. The owner suggests that hiring a Superintendent and two Salespeople would help grow revenue and allow a new owner to focus their time on higher-level strategy and business decisions.

(2) Implement Technology and Software: While the current owner has not felt an impetus to adopt new technology, a new owner could benefit from implementing project management software platforms built for the construction and remodeling industries, such as Builder Trend and Houzz Pro.

(3) Expand Marketing Efforts: The company could benefit from updated marketing methods. Expanding into social media and running aggressive ad campaigns could drive additional business to the company.

Investment Highlights

(1) Local, Established Business with Large-Scale Capabilities: The company operates in a community-oriented area, where residents prefer to spend locally. Most competitors are small one- or two-person specialized local crews, or large, less specialized, and non-local companies. This company offers the best of both worlds: locally-based, high-quality work, as well as a wide range of services. Few competitors operate in this space.

(2) Consistent Repeat Customers: The company consistently drives 30% of revenue from repeat customers. Satisfied customers are likely to seek out the company’s services for additional interior or exterior remodeling.

(3) Sophisticated Marketing Efforts: The company orchestrates a sophisticated and effective marketing strategy for a business in the remodeling industry. The company uses a combined effort of events, Internet marketing, print, radio, referrals, signs, trucks, television, etc., to drive additional revenue for the business.

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