Nov '24 • General discussion
🚨 Found an exciting business for sale in the construction sector, focusing on bathroom remodeling.
🛠️ Think construction is complicated? This one’s a straightforward and profitable model. Let’s 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 projects—consistent and predictable work.
Why it’s 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 2025—this 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.
What’s the plan? 1️⃣ Buy this business and secure its strong position in the Vegas market. 2️⃣ 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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🚨 Found an exciting business for sale in the construction sector, focusing on bathroom remodeling.
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