Building Material & Hardware Stores, Other Building & Construction
Active
Absentee Kitchen & Bath Design & Remodeling Company - SBA Prequalified
Cook County, Illinois, United States
Asking Price$795,000
Revenue$1,600,000
EBITDA-
Cash Flow$240,000
Description
Established residential kitchen and bath design, cabinetry and remodeling company operating from a leased showroom in Illinois.
The reason to look at this one is the ownership structure. The owner is retired and genuinely absentee. He does not sell, design, estimate, manage projects or supervise trades, and has not for years. The business is run day to day by a small salaried design team that handles each project from the first showroom conversation through final completion, including design, specification, pricing, material ordering, trade coordination and closeout. All trade labor is subcontracted to an established crew base, so there are no trades on payroll.
Revenue is approximately $1.6 million with seller's discretionary earnings of approximately $239,000. Current year gross margin is running roughly ten points ahead of the prior year, and the business is carrying signed contracted work into the next period. Add-backs in the most recent full year were under $11,000, so reported income sits very close to discretionary earnings and there is no recast built on a long list of personal expenses.
The balance sheet is clean. No interest-bearing debt. No inventory, because material is ordered per job and funded by a deposit collected at the time of order. No vehicle fleet and no field equipment. Fixed assets are showroom displays, leasehold improvements and computers.
Marketing is the clearest growth lever because it has never been used. The business has not run paid advertising in years and still fills its capacity from referrals, repeat clients and showroom traffic. There is no paid search, no direct mail and no lead generation contract anywhere in the cost structure. Design capacity rather than demand is the constraint, and adding a designer is the most direct route to revenue against current gross margins.
The business serves an affluent residential remodeling market and works almost entirely on existing homes rather than new construction. Projects are sold on a furnish-and-install basis.
A signed non-disclosure agreement and buyer qualification are required for the confidential information memorandum, the location and detailed financials. All figures are unaudited and subject to verification. Inquiries are handled exclusively through Munera Capital/Leading Edge.
Real Estate
Rent is $12,500 per month
Building Size: 3000 sq. ft.Furniture Fixtures & Equipment
$80k
Business is
Absentee Owner
Reason Selling
Retirement
Business listed by
Leading Edge Brokers
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