3632 Florida Ave

Business Opportunity for Sale
Also listed as Retail-Commercial, Industrial
Catylist Listing ID: 30510912
Property Subtypes: Building and Construction Services, Home and Garden, Real Estate
Building Size (RSF): 4,180 SF
Sale Price: $135,000 - 650,000
Name of Establishment: Faia Construction DBA Dreammaker
Gross Revenue: $400,000 (Annual)
Cash Flow: $50,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Last Updated: 5/15/2020

Overview / Comments

Buy the building AND OR the business!

Building = $395,000 or $25,000/year lease
Business (customer list + employees-in-place) = $135,000
FF&E and Vehicles (without franchise) = up to additional $70,000
Dreammaker Brand (please inquire, roll-in of existing market areas are also possible, certain discounts apply) = business price plus minimum additional capital investment of $125,000
Business + Building together = $50,000 to $100,000 more because eliminating rent adds to the cash flow valuation of the business

(Note: if buying ONLY the building, you will be asked to lease back to the business until the business is sold)

The valuation including the Dreammaker franchise is about $100,000 cheaper than if investing in the franchise in a new market and the the customer list is worth about $50,000 more associated with the Dreammaker brand than not but that is because about half of the current fixed assets will need to be replaced with brand new items in order be in compliance with the FDD.

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40 year old local Kitchen & Bath Construction Company, Faia Construction DBA Dreammaker, is for sale in the Greater New Orleans area. This is the perfect opportunity for a small business to expand their market area or for a parent/child duo to get a jumpstart on creating a generational legacy.

Employees are aware of and in support of the sale and are committed to staying with the company. The owner, Kathy, is willing to stay for up to 6 months with declining responsibilities, the bookkeeper/daughter-in-law, Julia, would prefer to stay for a minimum of 2-3 months if the buyer wants to replace her, and the general contractor, Russell, would prefer to stay indefinitely with improved benefits. The seller wants to help ensure a smooth transition for both the company and for the many loyal customers.

All buyers are encouraged to inquire. Multiple deal structures are possible.
1. Buy everything in place including the building
2. Buy everything but lease the building
3. Buy everything but move operations to a new location
4. Buy only the contracts and absorb the employees to help transition the clients to your brand
5. Buy only the franchise and assets without the contracts and buy or lease the building
6. Buy only the franchise and assets without the contracts and move to a new location

A humble buyer who is driven to provide quality work is the ideal buyer.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Industry Segment: Construction Sub-Contractors
Reason for Selling: retirement
Value of Inventory Included ($): $1,000
Value of Furniture, Fixtures, and Equipment ($): $70,000
Value of Real Estate Included ($): $395,000
Real Estate Lease Description: retail plus warehouse Agent measured 4180SF total, 2636SF warehouse, 1374SF retail/office Appraisal measured 3714.6SF total, 2509.85SF warehouse, 1204.75SF retail/office

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,742 118,244 201,013
Median Age: 40.13 39.68 39.74
Households: 8,516 45,636 81,590

Contact

Photograph of Listing Agent

Russell Bernstein

Metairie, LA
LACDB Member
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