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Asking Price$1,200,000
Revenue$1,300,000 Established1994
Cash Flow$261,000 Employees1 full-time
FF&E$23,000* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Kitchen & Bath design company was established in 1994.  Under the current owners (since 2017), it has successfully grown and annual revenue now exceeds $1.3 million.  2021 Sellers Discretionary Earnings were $221,000 and over the last three years has averaged $261,000.  2022 is expected to be another strong year.

Deemed an Essential Business throughout the COVID pandemic, this design company remained open throughout 2020 and 2021 and witnessed a record year of revenue in 2020.  Some of this growth was driven by the growing popularity of this rural area which has seen its population triple since 2014, a trend which is likely to continue for the foreseeable future.

The company has an outstanding reputation for producing excellent finished cabinet projects.  Customers are sourced from both General Contractors operating in the area and individuals who, in many cases, are undertaking home re-modelling projects.  This customer diversification is beneficial to the company.  Similarly, there are relationships in place with a variety of vendors reducing the risk of being reliant on just a few key suppliers.

The design professionals at this company help customers design, create, and install their dream kitchen or bath for both new homes and re-modelling projects.  They work solely with premium product lines that reflect the quality and craftsmanship which customers desire.  All kitchen and bath projects are custom designed by the company but manufacturing is handled by 3rd party manufacturers.  The company carries no inventory.

The 1,325 square foot showroom is located on the main street in the town.  It consists primarily of the showroom with over ten design models currently on display.  There is also some dedicated working space.
Competition:In the town this kitchen and bath design company is located, there is no other direct competition. The next closest town is about 30 miles away and there are 3-4 competitors there who have their own relationships with certain General Contractors. The seller believes there will be opportunities for the right buyer to develop relationships with these GC's over time.
Growth Potential:- Hire more designers - Nurture existing General Contractor relationships and pursue new ones - Expand beyond the current geography for new customers from the single existing location or open new locations - Expand social media capabilities and marketing and advertising expenditure - Add closet design and hanging systems services since the design system used already provides that capability
Training/Support:The seller will provide appropriate support, training, and a transition period of up to 4 weeks at 40 hours per week which will be included in the sale price. The training may be a combination of on-location and telephone calls.
Sale Reason:The Owner is Retiring.
Ad #139119
Seller Reference #COLSPCO001-N9
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Ed Sadler
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