Established over two decades, this West Michigan-based business is an excellent opportunity for an individual with building experience to own and grow their own company. The Company, with its skilled and dependable subcontracting team, is fully capable of delivering a broad range of remodeling work, such as kitchens, baths, basements/lower levels, master bedroom suites, entire main level remodels and additions.
Financial Overview
CY 2016 Revenue: $799,632
CY 2016 EBITDA: $161,168
CY 2016 Cash Flow: $268,668
Asking Price: $250,000
Investment Highlights
Angie’s List Superior Service List Winner – The Company is a multi-year consecutive winner of Angie’s List’s Superior Service Award – an achievement that only 5% of contractors on Angie’s List can claim. The Company has benefited tremendously from this web-based contractor review platform and expects its importance to only increase as more and more consumers go to the internet to determine the best candidate to tackle their specific project.
Longevity – 25 years of continuous operation not only proves the durability of the Company’s business model, but has also enabled the Company to gain widespread name recognition in the West Michigan area.
Full Pipeline – The Company is presently turning down new opportunities due to the strength of the residential remodeling and new addition market. Currently, it has a 2+ month backlog and continues to receive consistent quoting opportunities.
Growth Opportunities
A Booming Region – To a large extent, the future growth of the Company is dependent on the success of the region. Five west Michigan suburban communities are among the healthiest in the state.
Excellent Long-term Trends in the National Real Estate Market – Moody’s states: “The housing market’s 10-year outlook is positive. Demographics form the foundation for optimism, but the recovery from the severe housing correction also fuels the strength. Pent-up demand and several years of under building suggest that catch-up activity is in the offing. Also key is the expectation that economic growth will hit a stronger pace of expansion soon. By nearly all measures, housing will perform better over the coming decade than it did over the previous one. Advances will occur despite a slowdown in overall population growth.”
New Home Building – While the Company has not ventured into constructing new homes, its stock of qualified subcontractors and excellent reputation would serve as a strong springboard for a new owner that wished to diversify.
The BEST way to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact us at info@caldergr.com with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few brief questions. Inquire today about this profitable remodeling business for sale!
