Retail Kitchen and Bath Installation Business in Detroit Suburbs
Off-MarketTrenton, Wyandotte, Livonia, MI
Retail Kitchen And Bath
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$3,800,000
$360,000
9.5%
2004
30+ Days
Customers
Local customers in the area, residential.
Customer Acquisition
Word of mouth, website / online marketing.
Team
5 crews that have been around for anywhere between 13 and 20 years, 3 salespeople, a project manager, and GM.
Owner's Role
Absentee owner.
Reason for Selling
The business has been running for over 20 years, but the owner's nephew, who has been managing it for the past 5 years, is no longer interested in continuing. The owner is absentee and looking to sell the business.
Contracts
No
Real Estate
The business has three locations: a main 33,000 sq ft location and two smaller 2,500 sq ft retail stores within 30-40 miles. They own the main location and one of the two smaller locations. Total real estate is valued at around $2.2 million.
When Are You Looking to Sell
3-6 months
Licenses Required
Yes
Additional Notes
The business was generating around $5 million in revenue but slowed down in the past year to approximately $3.8 million after they stopped doing wholesaling. The $250K SDE estimate does not include the absentee owner’s salary.
Business ID: 1322
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