Business Overview

100+ year old company with Master Journeymen creating exquisite fabrication for a variety of stone and marble. Serving the Mid-Atlantic region, the company offers many services: In-House Carving, Stone Supply, Historical Restoration, Fabrication, Stone Repair and Care.

Mobile stone repair service with vehicle.

The long- term staff includes a Shop Foreman, 4 State Certified Journeyman stone Shop-Finishers, Marble Masons and a trained Sales Staff.

Based on the extensive knowledge and expertise of this heritage business, customers return year after year. The unique hand-skills and knowledge of traditional techniques of fabrication, restoration and installation, coupled with continued training in restoration products, puts this company at the forefront of the fastest growing part of the stone industry.

They are well known for their outstanding customer service and knowledge.

This turnkey business has established a long-standing, proven track record, excellent reputation, and is ready for the right entrepreneur or a company looking to expand their operations and product line. The business location has access to major highways with ample parking. The Seller will provide adequate transition and training to the new owner. The ideal buyer for this business will have familiarity with, and five years’ experience that is industry related. A favorable lease conveys with the sale. A signed Non-Disclosure and Proof of Financing will be required to review the business details.

Financial

  • Asking Price: $600,000
  • Cash Flow: $350,000
  • Gross Revenue: $1,500,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $250,000
  • Inventory Included: N/A
  • Established: 1900

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:16,500
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

16,500 SF of modern office space with workshops and warehouse.

Is Support & Training Included:

Seller will transition and train new owner.

Purpose For Selling:

Retirement

Pros and Cons:

Low competition: Only 100 companies of this type in the US.

Opportunities and Growth:

With so much focus on sustainability, there is excellent opportunity for continued growth and expansion. Restoring priceless marble and stone pieces for generations to last.

Additional Info

The venture was established in 1900, making the business 122 years old.
The deal won't include inventory valued at $250,000*, which ins't included in the asking price.

The company has 13 employees and is located in a building with estimated square footage of 16,500 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 completely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is really important that you not depend completely on a vendor's word, yet rather, use the seller's answer along with your overall due diligence. This will repaint a much more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that revenue margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new consumers? Many times, businesses have repeat consumers, which create the core of their daily revenues. Specific factors such as brand-new competitors sprouting up around the area, road building and construction, and employee turnover can impact repeat clients as well as adversely impact future profits. One essential point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional average house earnings effect future income prospects?