Asset Sale Description
San Diego, CA
GROSS REVENUE: $2.9MM
This San Diego based home improvement company has seen compound annual growth in excess of 70% over the past 24 months. It has turned hundreds of ho-hum interior spaces into beautiful spaces that enhance a home, and its value, rather than detract from it.
The business has benefited greatly from the ever-increasing numbers of people working from home.
It is a relatively straightforward business to operate, particularly given the sophisticated, tech enabled systems that have been developed, at an investment of several hundred thousand dollars. A comprehensive system of processes, and an extensive library of instructional videos and playbooks cover every element of the business, minimizing any training and transition costs.
The business is successfully semi-absentee run (current owner doesn't have an office on-site). An owner operator would increase profitability even more.
--Technological Competitive Differentiation. Company uses customized software to provide on-site quotations that allow presentations to homeowners to be turned into sales on the spot. Its extensive library of training videos, checklists, standard operating procedures and processes, allows new employees (including sales personnel) to be quickly onboarded and managed.
--Business has a current contractor license. Buyer does not need to be licensed as key employee is RME.
--Pre-sold business. There is several hundred thousand dollars of sold, but as yet unscheduled and uninstalled work waiting to be completed.
--Significant growth potential. The company dominates the San Diego market and is poised to move into Los Angeles and Riverside (Palm Springs area) markets.
--Support and Training. As needed
--Building. Lease expires 2024 with additional extensions
For the right buyer a generous seller financing package is available.
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