High-end home design firm in Upstate New York
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Asking Price
$5,200,000
Detailed Information
Albany, New York, US
Not Provided
NA
Business Description
This firm specializes in high-quality home design services tailored to high-net-worth residential buyers. Their comprehensive offerings include design, plot sourcing, development, subdivision planning, and remodels. With a dedicated team working out of an 1,800 sq ft office in Upstate New York, the business serves clients within a 50-mile radius of Saratoga County. The owner is involved in financial reviews and overseeing the team for about 20 hours per week, and the current staff can handle the owner's responsibilities in the event of an exit. Priced at $5,200,000, a 10% down payment of $520,000 can yield a return of $833,001 in the first year after debt payments. Despite the lack of current marketing activities, implementing a strategic marketing plan could significantly boost visibility and attract more clients. Opportunities for growth include engaging in digital marketing campaigns, social media outreach, and community programs to showcase completed projects. The seller is also willing to provide