NHance Franchise Available For Acquisition
Founded in 2006, the current owner purchased the exclusive franchise rights in Morris County, NJ for a nationally known wood cabinet & floor refinishing franchisor. Sales in 2011 were $270,925 (119 projects) up 11% over 2010 sales of $244,080. Cabinet refinishing accounts for approximately 90% of sales and floor refinishing accounts for approximately 10% of sales.
In addition to the strong support system of the franchisor (over 200 locations) who provides complete training as well as 24/7 technical support, this well-established franchisee has contracts for displays in 6 local big box chain stores. The business is run from home with a rented storage warehouse (1,100 square feet) on a month-to-month basis.
In addition to the current franchise owner, the business employs a full-time operations manager who oversees all phases of job and job completion and has been with the company since 2007. There is an additional employee who helps get projects done on time. Both the Operations Manager and Helper will remain with the business after the sale.
Reason For Sale:
The franchise was purchased by a career firefighter and originally intended as a way to supplement his firefighter pay. As the business grew, it became clear the current owner would not be able to devote the time required to continue the growth.
Some Owner financing for qualified buyers is available at an attractive interest rate.
INDUSTRY: Construction / Service
GEOGRAPHY: New Jersey – Morris County
ASKING PRICE: $97,000
GROSS REVENUE: $270,925
YEAR ESTABLISHED: 2006
NUMBER OF EMPLOYEES: 2
REASON FOR SELLING: Other Full-Time Job
FOR MORE INFORMATION: Contact Rick Fulton at 732-389-0313
This is a fantastic opportunity for the right buyer. Don’t wait….Owner wants offers!
The business is offered as an asset sale, free
and clear of all liabilities
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