Overview

Located in the high-growth Charlotte market, this company has over a thirty-year reputation for providing the high-end residential market with turn-key cabinetry, design, and remodeling services.

Company Strengths

  • Reputation for providing unique, quality, professional, and timely results
  • Experienced design team
  • Long-term relationships with ten high-quality subcontractors
  • Geographic location in one of the most affluent residential areas in North Carolina
  • Little competition for the full range of services the company provides

Perfect Opportunity For

  • Strategic buyer looking to expand into the Charlotte market or gain additional market share
  • Individual seeking a solid business with growth potential

Detailed Business Information

  • Number of employees: 3 full-time and 1 part-time; strong relationship with 10-15 professional subcontractors
  • Year Established: 1992
  • Facilities: 2,000 square foot office/design/showroom facility located in a high-income, high-traffic location.
  • Support/Training: The seller will remain on board 30-days post-close to facilitate a smooth transition. The seller is willing to remain on board for an extended period per a separate agreement.
  • Reasons for Selling: Retirement
  • Competition/Market Pros and Cons: There is limited competition as market competitors do not offer full remodeling services. Our client’s customers seek a package deal for turn-key services. They are also looking for unique products, desire quality and want professionalism and timely results. They are not making decisions based on cost.
  • Growth and Expansion Pros and Cons:
  • Our client is currently turning away work. Hiring additional designers would allow for growth.
  • Adding sales to high-end builders in addition to the current end-users could increase market share.
  • Expanding full-service remodeling options beyond kitchens and baths could also increase market share and sales.

For more information contact Jeff Edge at (704) 912-5070 or jedge@vikingmergers.com

Listing Price: $500,000.00
Revenues: $1,108,019.00
Adjusted Cash Flow: $265,310.00
Location: Charlotte, NC

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Jeff Edge
704-676-0940

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