Description:

The company is a kitchen remodeling company that focuses on turnkey renovations from conception to installation.

Key Aspects:

Revenue grew at a compound annual growth rate (CAGR) of 25.2% from 2020 to 2022
The company’s average gross profit margin was 39.6% from 2020 to 2022
As of March 2023, estimated revenue remaining to be billed in progress under signed contracts in $722,837
The company holds a residential-basic general contractor’s (GC) license
In business for 15+ years
Longstanding affiliations with suppliers exceeding 10 years
The company’s name and logo are trademarked
Custom-built software allows for streamlined work processes

Opportunities:

Establish a presence in the commercial market to grow revenue
Expand geographically to reach additional Southeastern states
Implement the online shopping kitchen tool to grow revenue and attract new customers
Expand more into the bathroom remodel market to grow repeat customers
Pursue a franchise model to scale the business

Current Markets:

Real Estate:

The company operates from three facilities totaling 29,000 sq. ft. One facility (warehouse and showroom) is owned by the company and is expected to be included in the sale. The other two facilities (design centers) are leased from unrelated third parties.

Shareholder Ownership:

The company is fully owned by a single shareholder who would like to pursue retirement. The owner is willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

Benchmark International

Kitchen Remodeling Company – BN000046585