Confidential Address Newton, IA 50208

Property Details for 0 Confidential Address

Property type

Commercial real estate

Description

This profitable closet installation business, located in central Iowa (Newton, zip code 50208), is offered for sale at $450,000 with potential seller financing of $45,000. Boasting a three-year average gross revenue of $357,474 and an SDE of $162,403, this 19-year-old enterprise specializes in multifamily new construction. The business currently employs three people, including two partners, and enjoys strong relationships with multifamily developers, builders, and contractors throughout the Midwest. Its success is attributed to a reputation for quality work, competitive pricing, and high profit margins. The current owners are retiring, presenting a unique opportunity for acquisition. A non-compete agreement of 50 miles for two years is in place. The business operates from rented space, offering flexibility for relocation or integration into an existing operation. Significant growth potential exists through increased marketing and advertising (currently $0 annually), expansion into residential markets (new builds and renovations), and broadening service and product offerings. Eight weeks of support and training are included in the sale. This is an exceptional opportunity to acquire a well-established, profitable business with a strong track record and significant upside.

Location Insight

City

Newton

County

Jasper

State

Iowa

Longitude

-113.597

Latitude

37.4792