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Home Remodels & Additions with over $1.1M in Sales in 2020

Year-over-year sales growth since 2017!



  • Price

  • Revenue

  • Profit Margin

  • Location
    Lincoln, Nebraska

  • Service Area
    Lincoln and surrounding communities within 30-mile radius

  • Reason for Sale
    Retirement planning

  • Cash Flow

  • Employees
    9: 1 owner, 1 office manager, 1 project manager, 6 laborers

  • Intangible Assets
    Well-established name, solid reputation, steady reoccurring business through four home builders

This home remodeling company in Lincoln has had year-over-year sales growth since 2017 and a 23% profit margin in 2020!   This well-established business specializes in kitchen and bath remodels, additions, finish carpentry, and custom cabinetry design and installation. Serving Lincoln and surrounding communities for nearly 30 years, this highly skilled design staff offers an unmatched experience from beginning to end. Clients include remodeling homeowners looking for a tune-up or additions, and residential/commercial contractors looking for interior finishes in a newly built home. A solid team is already in place; an office manager handles all incoming phone calls and e-mails from new and existing clients, as well as quoting, invoicing, scheduling, and ordering. A project manager runs the jobs on site, and 6 experienced laborers make sure the work is top notch from start to finish.


Home remodeling and additions account for 50% of their revenue, 40% is finish carpentry, and 10% custom cabinetry. Assets include $78,000 worth of portable equipment, shop equipment, and hand tools used by three crews of laborers.


Growth opportunities are endless. Adding another project manager would allow the company to take on more jobs. The demand for home remodeling and additions has increased in recent months due to lower interest rates on home loans and construction loans. Priced at $640,000, a 10% down payment of $64,000 returns $182,355 in the first year after debt payments – a 285% return on investment.


  • Residential/commercial contractors
  • Remodeling homeowners

Income Analysis

Average Sale Size/Range:

  • Remodels/Additions: $80k-$130k
  • Interior Finish: $8k-$12k
  • Custom Cabinetry: $30k

Business Highlights

Year Established: 1992

Location: Lincoln, Nebraska

Service Area: Lincoln and surrounding communities within 30-mile radius

Services: Home remodeling & additions, finish carpentry, custom cabinetry

Clients: Remodeling homeowners & residential/commercial contractors

Lease: 3,500 sq. ft.

Reason for Selling: Retirement planning

Personnel: 9: 1 owner, 1 office manager, 1 project manager, 6 laborers

Seller Training Period: 6 months - 1year

Growth Opportunities: Add another project manager to take on more remodels.

Current Owner’s Responsibilities: Works 30 hours/week; meeting with staff, initial meetings with clients and project manager, visiting job sites at various stages of the project for quality assurance

Financial Highlights


  • List Price: $645,000


  • 2020 Cash Flow: $264,884

*amounts may vary

Cash Flow Analysis

Description of Financial StatementP&L Statement
Jan-Dec 2020 Cash
P&L Statement
Tax Return
Tax Return
GROSS SALES$1,174,836$988,376$718,094$615,674
Net Income Shown on Financial Statement$130,877$-44,776$100,880$2,975
Compensation to Owner$28,750$57,500$14,000$62,170
11% Tax on total W2 Salaries$3,163$6,325$1,540$6,839
Meals & Entertainment$367$1,161$689$698
Auto-Personal Use$13,365$22,439$23,075$11,612100% Personal
Travel$0$0$426$1,255100% Personal
Director's Fee$0$0$28,000$0Paid to Owner
One-Time Building Expense$100,327$107,377$0$0
Rent Adjustment$-13,000$10,700$10,700$3,200$13k/year onward going
TOTAL ADDBACKS$134,007$207,652$82,210$90,462
Seller's Cash Flow = Total Addbacks + Net Income$264,884$162,876$183,090$93,437
Profit Margin22.55 %16.48 %25.50 %15.18 %
2020 Profit Margin: 23%


  • Remodeling Homeowners
  • Residential/Commercial Contractors
Specific information regarding clients is available upon the receipt of a signed Non-Disclosure Agreement


  • Kitchen/bath remodels
  • Home additions
  • Finish carpentry
  • Custom cabinetry


  • 1 owner
  • 1 office manager
  • 1 project manager
  • 6 laborers

Growth Opportunities

  • Add another project manager to allow company to take on more remodels

Valuation Details

Funding Example

Purchase Price:



Bank Loan Needed: $


Funding Details


Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $


Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2020 Cash Flow
Annual Debt Service: $

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2020 Cash Flow
Annual Debt Service: -$

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
ROI: %


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210 N 78th St. 2nd Floor
Omaha, NE 68114

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f 402.939.0857

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The Firm is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.