Business Overview

This business is a leading custom Manufacturer & Installer of cultured marble & granite products used in bathroom remodeling with virtually unlimited design options. A well-established, turnkey bathroom remodeling services from design through final installation. In business for over 37 years serving primarily King & Snohomish with a superior & innovative product line. There are 7 full time employees including a talented General Manager, 2 FTE in manufacturing, 2 Installers, 1 Product Manager/Inside Sales, & 1 Bookkeeper. Owner lives out of state & maintains weekly calls to oversee. Approximately 25% of revenue came from the sale of accessories such as cabinets, flooring, fixtures, & shower doors. 75% of sales from the purchase & installation of the cultured stone products.

Financial

  • Asking Price: $350,000
  • Cash Flow: $190,000
  • Gross Revenue: $850,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1984

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Lives out of state

Additional Info

The venture was founded in 1984, making the business 38 years old.

The company has 7FT/1PT employees and is located in a building with estimated square footage of N/A sq ft.
The building is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 totally different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or an array of various other factors. This is why it is extremely essential that you not count absolutely on a seller's word, however rather, use the seller's response in conjunction with your overall due diligence. This will paint a much more realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that profit margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new consumers? Most times, businesses have repeat consumers, which create the core of their daily profits. Particular factors such as new competition sprouting up around the area, roadway building and construction, and personnel turn over can influence repeat consumers and adversely influence future profits. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood typical family income effect future revenue potential?