Listing ID: 82520
Increasing Cashflow with Opportunity for Growth
Desirable Location in Expanding Market
Loyal Base of Contractors
This custom countertop fabrication business is growing fast along with the community. Qualified designers and staff make this a turn-key business creating custom granite and quartz tops and designing custom cabinets. Long established business with loyal contractor base has lots of room for growth. Company employs installers to complete the projects. Live the dream in Western Montana. Call today.
- Asking Price: $2,300,000
- Cash Flow: $312,296
- Gross Revenue: $2,629,129
- EBITDA: N/A
- FF&E: $487,200
- Inventory: $145,000
- Inventory Included: Yes
- Established: 1999
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
Showroom, office, and fabrication shop is in a commercial building owned by the business owners and is included in the asking price.
Will train for 4 weeks @ $0 cost. Premium granite, quartz, and exotic natural stone countertops and cabinet design, sales, and installs. Buyer will need a Montana Construction Contractor License.
Normal competition for this type of business.
Many opportunities to grow this business with new initiatives. However, even without any new initiatives it will continue to grow with the rapidly expanding community.
The business was founded in 1999, making the business 23 years old.
The transaction does include inventory valued at $145,000, which is included in the listing price.
The company has 19 FT employees and is located in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 totally different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is very crucial that you not count absolutely on a seller's word, however instead, make use of the vendor's response combined with your total due diligence. This will paint an extra realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new consumers? Most times, operating businesses have repeat clients, which create the core of their daily revenues. Particular aspects such as new competitors growing up around the location, roadway construction, and staff turn over can affect repeat clients as well as negatively affect future revenues. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the better the possibility to develop a returning client base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the regional average home income influence future income prospects?