Nov '24 ā¢ General discussion
šØ Found an exciting business for sale in the construction sector, focusing on bathroom remodeling.
š ļø Think construction is complicated? This oneās a straightforward and profitable model. Letās break it down:
Revenue:
- 2023 (Gross): $7.01M
- Net Profit (TTM): $1.6M (23% profit margin)
Asking Price: $6.1M (all cash) Profit Multiple: 3.8x
This business has been operating for 27 years and is a key player in the Las Vegas market. With 39 full-time and 4 part-time employees, it runs like a well-oiled machine.
What they do: Specializing in tub and counter refinishing, fiberglass repairs, and cabinet upgrades, their work supports top hotels and casinos in Vegas. They have a $5M+ pipeline of contracted projectsāconsistent and predictable work.
Why itās attractive:
- Established reputation in the booming Las Vegas market.
- Diversified clients in both commercial (hospitality) and residential sectors.
- Solid operational structure with room to grow.
Risk to watch: The lease ends in March 2025āthis could present a challenge or an opportunity for negotiation or relocation.
Growth Potential: With a bit of effort, this business could skyrocket.
- Expand Markets: Move into neighboring cities or states.
- Go Digital: Strengthen marketing to attract more residential clients.
- Optimize Ops: Use automation to cut costs and improve margins.
Whatās the plan? 1ļøā£ Buy this business and secure its strong position in the Vegas market. 2ļøā£ Implement operational and marketing upgrades to scale profits.
Like this deal? Comment "Remodel" below to get full details and learn about similar opportunities every week.
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šØ Found an exciting business for sale in the construction sector, focusing on bathroom remodeling.
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