Business Overview

Retiring owner is VERY MOTIVATED! This business has been Pre Approved. This is a business you need to see if you are looking for a business that is Profitable, well staffed, can run remotely. This PROFITABLE company has been in business since 2004 and shows continuous growth and is financially stable. Fully staffed with the latest equipment available for the manufacture and installation of granite and hard surface countertops. This company come with a very large inventory ready for production. This would be a nice addon for any residential or commercial business. The numbers are there. For additional information please contact listing agent William Griswold at 804-721-4960 or william@fcbb.com.

Financial

  • Asking Price: $1,150,000
  • Cash Flow: $412,895
  • Gross Revenue: $2,519,973
  • EBITDA: N/A
  • FF&E: $269,949
  • Inventory: $100,000
  • Inventory Included: Yes
  • Established: 2004

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:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a location of 40,000 square feet. Seller is active in the business with 10 FT employees. Hours of operation are 8 AM to 5 PM, Monday - Friday. $100,000 in Inventory and $269,949 in FF&E included in Asking Price. $250,000 made in Leasehold Improvements. Assets include Specialized saws and finishing equipment.

Is Support & Training Included:

1 Month

Purpose For Selling:

Retiring

Pros and Cons:

The largest Counter top business in the area

Additional Info

The business was started in 2004, making the business 18 years old.
The deal does include inventory valued at $100,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the true factor and the one they say to you may be 2 absolutely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, current decrease in profits, or an array of other factors. This is why it is really crucial that you not depend absolutely on a seller's word, however rather, utilize the seller's response along with your general due diligence. This will repaint a much more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that revenue margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new customers? Often times, companies have repeat clients, which form the core of their daily earnings. Particular variables such as brand-new competitors growing up around the location, roadway building and construction, and employee turnover can affect repeat consumers and also negatively impact future earnings. One vital point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the chance to develop a returning client base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the regional mean house earnings effect future earnings potential?