UNDER CONTRACT: Premier Kitchen & Bath Showroom with Real Property
Las Cruces & Southern New Mexico, New Mexico
Listed Price: $ 2,600,000
Listing ID: 1645928
Listing DetailsGross Revenue: $ 6,602,082
Cash Flow: $ 566,148
FFE: $ 714,407 (Included in Price)
Real Estate: $ 850,000 (Included in Price)
Inventory: $ 100,000 (Included in Price)
Training & Support:
Training and support will be provided during the transition phase.
Listing SummaryBusiness Description:
Working with homeowners, builders and contractors, this full-service kitchen, bath and flooring business dominates the Southern New Mexico market. This turnkey business is the one-stop shop for new home and remodel projects. The well-appointed showroom and slab yard is a place where customers can browse the latest in cabinetry, countertops, flooring, decorative tile and hardware. It is a welcoming and harmonious space. Here customers, no matter their budget or stylistic preference, can bring their vision to life.
Integrated design, estimating, fabrication and installation services make for an easy and seamless wraparound experience. Each of the company’s divisions are overseen by a manager, who drives forward the business’ philosophy on deliveringprofessional and caring customer service.
A strong reputation, word-of-mouth referrals and repeat business has fueled the business’ growth. Since opening in the early 2000s, its footprint has expanded throughout southern and eastern New Mexico and into Texas. Its fleet of eighteen vehicles and trailers, including in the FF&E, can be seen throughout the region. Approximately eight out of every ten new homes features this company’s products. The established client base numbers over 100 builders, and no account represents more than 14% of sales. Key client relationships are held by employees.
This business enjoys an established and dominant market position with an active base of repeat customers.
New owners will take advantage of ongoing investments in equipment, professional training, and product lines to continue to grow this business.
The inclusion of prime real property introduces attractive financing options, including a longer amortization rate.
LocationLease Expire: 0000-00-00
Square Footage: 10000
Type of Location: Stand Alone
New owners will take over a nearly 10,000-square-foot facility on one-plus acre lot in a high traffic area. Strong signage and an attractive street presence make the most of this high visibility location. A recent remodel has increased foot traffic. A fully equipped shop, warehouse and slab yard occupy the same location, making for easy executive oversight and tight integration between the teams. The Seller is also willing to negotiate a Triple Net Lease at the current market rent.
OperationYear Established: 2004
Employees: 34 FT, 2 PT
Absentee Owner: No