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Cabinet Refinishing -Owner net income 230,000

California, United States
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Asking Price$385k
Revenue-
EBITDA-
Cash Flow$230k
Description
Net income of approximately $230,000 for c-6 license kitchen refinishing franchise. Description: This is an excellent business for C-33 California contractor licensed individuals. The franchise was established 20 years ago and service two territories, Contra Costa County and the Tri-Valley. There are three technicians and a remote office manager. The owner bids the jobs, the turnaround time for the pipeline is 30 days out. They are paid some upfront fees by clients and the rest once the work is finalized. Most jobs can be completed in a day or two. The 1860 sq ft warehouse is centrally located with a new lease at $3450 per month gross lease and a 3% annual increase. July 1 2019- June 30-2020 ,Gross Income $609,760.00 SDE $190,000.00 July 1 2020-June 30-2021, Gross Income $683,621 SDE $230,000.00 July1 2021-June 30-2022, Gross Income $754,454 SDE $243,000.00 July 2022 – June 30-20223 Gross Income $766,808 SDE $223,000.00 Jan – Dec 2024 Gross income $647,304.00
Number of EmployeesFull-Time: 4
Asking Price$385k