0 ConfidentialMinneapolis, MN 55487

For Sale
$1,000,000

Profitable Residential Remodeling Firm

Overview

Added:
Dec 11, 2024
Days on market:
92
This established Minneapolis residential remodeling contracting business, operating for over 20 years, is offered for sale at $1,000,000. Generating $1,446,025 in gross revenue and $293,587 in Seller's Discretionary Earnings (SDE), this reputable firm boasts a strong reputation for high-quality home renovations, meticulous bid presentations, and timely project completion. The business, known for exceptional customer satisfaction and a solid referral network, has consistently shown profitability and growth. The seller, retiring after 20 years, offers 4 weeks of training and support for a smooth transition. The sale includes approximately $10,000 in furniture, fixtures, and equipment (FF&E). Seller financing of $700,000 is available. A non-compete agreement covers a 100-mile radius for 10 years. The business currently operates in the Twin Cities area (Hennepin County, MN, zip code 55487) and has significant growth potential through geographic expansion and enhanced digital marketing. The owner currently works 35 hours per week. This presents a unique opportunity for an individual or group to acquire a thriving, well-established business with a loyal client base and excellent market position within the competitive Twin Cities residential remodeling market.

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9764511
Longitude
-93.266325
Confidential, Minneapolis, Minnesota

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