SOLD! Custom Kitchen and Bathroom Renovation Business, with Strong Cashflow – VIC

This long-standing, award-winning business is a great opportunity for someone with a building license seeking high gross margin and strong cash flow. Experienced employees use custom-built software to support day-to-day operations. 

This business specialises in the sales, design, manufacture and installation of kitchens, cabinets, and bathrooms, directly to homeowners in the middle to the upper end of the market segment.

With a trading history of over 30 years, this business offers: 

• Well established reputation for quality workmanship.
• Turnover of between $2.5 to $3.6 m for FY2020 and FY2021
• Profit to working owner of between $480k to $580k 
• Robust gross margin of approximately 45%
• Strong forward bookings included as part of sale
• Full time Factory Manager handling all production details
• Established team delivering complete projects
• Direct sales channels with showrooms and experienced staff to handle day-to-day operations
• Majority of clients are from online marketing and word of mouth
• Long-held relationships with suppliers and contractors

As the owner (responsible for overseeing the day-to-day operation) is ready to scale back, this is business offers a great opportunity for someone with a building license, namely:

• As a “bolt-on to an existing building business
• It being a much simpler business to operate compared to building houses
• Strong cash flow with minimum bad debts
• Tapping into a great reputation that takes a long time to develop 
• Excellent online feedback from customers
• Multiple options to grow the business 
• Funding alternatives are possible e.g., staged payments 

The asking price represents a great return on investment.

Asking price: $1.3 million plus stock