This is a company focused on a unique niche in the remodeling industry: garage reorganization. The business has consistently grown in the past 4 years and even grew during the pandemic as consumers focused on optimizing the square footage of their homes.
Revenue for the twelve months ending September 2021 was $2 million with Seller's Discretionary Earnings (SDE) of nearly $545,000 which reflects a 16% and 38% increase from the 2020 calendar year respectively. 2020 sales of $1,725,000 and SDE $395,000 represents a 14% increase and 23% earnings increase from 2019.
The customers are primarily located in higher-end homes in the Southern California community and a significant portion of the market remains untapped. The owners of the business are the original founders and wish to retire. They will reasonably assist the owner for a transition period to do what they can to continue the success of the business.
This is a highly confidential matter and no information will be shared until a signed confidentiality agreement and profile form confirming the financial wherewithal to purchase the business.
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