Inventory Basis:at cost, additional
As a predominantly wholesale business, with some retail, in the construction and remodeling industry, this business has been servicing custom cabinet makers, millwork shops, kitchen and bath designers in addition to home decorators for several decades.
New construction and home remodeling are at an all-time high in CT which is driving the demand for this Company’s products.
As confirmed by the Leading Indicator of Remodeling Activity (LIRA) report issued by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University and supported by various other reports, “growth in improvement and repair expenditures to owner-occupied homes is expected to remain solid throughout the year and into 2022. With a financial boost from recent federal stimulus payments and strong house price appreciation, homeowners are continuing to invest in the upkeep and improvement of their homes.” People have become confident in undertaking different house related projects including upgrading their existing kitchens, repurposing and reorganizing their existing, non-functional spaces within their homes.
The current environment has people moving in the state at record numbers and, therefore, increasing improvement and upgrading projects. This Company will be a great acquisition for a first-time business buyer or another company which operates in a home improvement space and wants to increase its footprint. The knowledge and reputation, loyal clientele and years of experience, which the sellers will pass to the new owner, almost guarantees success and are the perfect foundation for further growth. The new owner will have a multitude of opportunities to grow this business further. An unlimited business potential and a booming industry give a new owner no other path but success.Employees:
The Seller will provide support necessary for the smooth transition