Business Overview

Well established granite and stone countertop manufacturer. Has both a retail operation and a manufacturing facility. Currently run by an absentee owner, who spends little time in the shop or sales office. Fully staffed in all phases of the business.
This is a great opportunity for a new business owner, to have a business that has been successful through all economic cycles, and has thrived through a trying Covid pandemic.

Financial

  • Asking Price: $1,800,000
  • Cash Flow: $355,000
  • Gross Revenue: $2,135,500
  • EBITDA: N/A
  • FF&E: $300,000
  • Inventory: $400,000
  • Inventory Included: Yes
  • Established: 1992

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:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Sales Floor 2400sf Manufacturing Facility 7000sf

Is Support & Training Included:

2 Weeks

Purpose For Selling:

Retirement

Additional Info

The company was established in 1992, making the business 30 years old.
The transaction will include inventory valued at $400,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 totally different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is very essential that you not rely entirely on a seller's word, yet instead, make use of the seller's solution combined with your total due diligence. This will repaint a more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Certain elements such as brand-new competition growing up around the area, roadway building and construction, as well as staff turn over can impact repeat clients and also negatively impact future revenues. One important thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to develop a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the regional median family income influence future earnings prospects?