Summary

Business Description

Update: Listing is under Letter of Intent: Contact Jim Peddle for updates…

This listing is for a company located in the Northwest Suburbs of Chicago.

• Well established Residential Kitchen and Bath Company
• Located in a 5000 + sq/ft Showroom with Office space
• Company sells mainly to customers within 5 miles of the store location

Interested buyers are required to execute an electronic NDA and provide a LinkedIn Profile or Resume prior to the disclosure of the name and location of the Company.

Detailed Information

Location: Chicago Suburbs

Inventory: $45,000

Real Estate: Leased Single Location with Showroom

Building SF: 5,000 square feet with offices

Employees: 11

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities:

Business operates from a 3rd party leased showroom that has kitchen and bathroom samples for clients to see and touch as they select materials for purchase. The showroom is up to date with vendor and cabinet samples for the company's product lines.

Competition:

Very fragmented Chicagoland market. Some larger players and many small companies serving the market. The company typically sells within 5 miles of their location and a buyer has the opportunity to expand the footprint into other nearby communities.

Growth & Expansion:

Opportunity to expand the business with other services as well as other local markets. The company offers only kitchen and bath design services and outsources the installation services.

Financing:

Seller will provide a seller note of up to 10% depending on the structure of the deal

Support & Training:

Seller will provide full training and transition. Terms negotiable and will fully support the buyer.

Reason for Selling:

Retirement

Financials:

Asking Price: $625,000

Cash Flow: $300,000

Gross Revenues: $2,212,000

FF&E: $225,000

Inventory: $45,000 (Varies)

Real Estate: Leased

Established: 30+ Years

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