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Established Retail Home Improvement Business on Cape Cod

Name: Established Retail Home Improvement Business on Cape Cod
Price range: $$

Listing

1715

SOLD!

Favorably reviewed by SBA Approved Lender

Acquired By

Private Equity Firm

Cape Cod, Massachusetts

Revenue

$3,523,192 (3-year average 2019-2021)

Cash Flow

$612,908 (3-year average 2019-2021)

Asking Price

Accepting Offers

Asking price details

Price includes inventory

Sold Price

$2,200,000

Business Description

This retail home improvement business has long served its surrounding community with well-known product lines! The business has steadily developed into one of the most popular home improvement retailers in the region, with high annual sales and Owner’s Cash Flow!

The business is known for knowledgeable and well-trained staff and excellent customer service, as evidenced by numerous accolades and testimonials. In addition, the showroom leaves nothing to be desired. High ceilings and the combination of high-efficiency and natural lighting nicely highlight the product lines. Installation services are another differentiator in an already low competition environment.

No specific license or special education is required. The business location will be leased with a right of first offer option to buy the highly visible real estate. Retiring owner available for transition.
Opportunity has been favorably reviewed by SBA-approved lender.

Revenues and Cash Flow are based on 3-year average (2019-2021).

Growth Expansion and Opportunities

Consumer spending on home improvement is anticipated to grow over the next 5 years due to high activity in new construction and remodeling. A buyer looking to grow this business may consider:
• optimizing the spacious floorplan to add more product lines
• developing a digital sales channel, and/or
• add rug cleaning/repair services.

Support & Training

The seller will provide training and support to ensure a smooth transition

Terms

It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

Broker

Molly Hanson

Confidentiality Agreement: Download, fill it in and return it to us via email or fax to get the identity and full report about the business

Download NDA PDF