Industry: Kitchen & Bath Design
Listing ID: CK110321KS
This specialized design firm focuses on designing upper-middle to high-end kitchen and bath quality solutions including all the products necessary to make a real statement of beauty, comfort, and practicality.
The company’s clients primarily are in Michigan’s most desirable geographies, though they have done many jobs in neighboring states, resorts areas around the country and in the Caribbean. A good deal of these distant projects are vacation homes to their current clients.
During the year just passed, despite the impact of the COVID-19 virus, this company continued its consistent path on earnings. There are several opportunities for creating new revenue channels. These will allow the company to grow at a more rapid pace, particularly given the current positive trends in home and kitchen renovations.
This business has built a customer base that includes, building and renovation contractors as well as many architects. Many architects and contractors have come to rely on them for a trouble-free design and supplier experience.
The revenue channels for this company are broken down to the following: roughly 40% cabinets, 20% counter tops, 20% appliances and the final 20% is for miscellaneous.
This business would be an ideal acquisition for an existing kitchen & bath design firm to expand their client base or even an interior design firm looking at adding a highly profitable specialty to their portfolio.
Total Sales: $1,478,754
Cash Flow: $315,653
FFE: $75,000 (Included in Price)
Reason For Sale:
Training & Support:
Owner will work with acquirer in successful transfer of clients and introduction to key referral sources and suppliers. In addition, owner will assist acquirer in learning the business and be available for post-sales assistance.
Year Established: 1996
Days & Hours of Operation: Monday - Friday
Monthly Rent: 2400
Type of Location: Office & Showroom
Square Footage: 2100
Leased office and showroom. Landlord would be happy to have a long-term lease on this space.
Experience in home building and design would be extremely helpful.
Boutique kitchen & design firms throughout the Midwest
Add new and additional service offerings
- Closet design
- Commercial design work for kitchen and bath
- Outdoor kitchens
Add an additional salesperson to call on new customers, affirming the relationship with current referral sources including the all-important architects who are tremendous referral friends.
Owner willing to provide some owner financing to assist in securing an SBA loan.