Listing ID: 82646
Business Overview
This highly sought after stone manufacturer has a strong earnings history over the last 20 years. They primarily fabricate and install residential granite, quartz , and marble countertops and vanities, as well as fireplaces and mantels The owner is ready to retire and is willing to train and assist the buyer in continuing to service the areas huge demand. The owner states that the business could be grown quickly with additional staff. For additional information please contact listing agent Quin Rasmussen at 406-431-6260 or quin@fcbb.com.
Financial
- Asking Price: $350,000
- Cash Flow: $105,820
- Gross Revenue: $453,000
- EBITDA: N/A
- FF&E: $161,000
- Inventory: $40,000
- Inventory Included: Yes
- Established: 1999
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:3
- Furniture, Fixtures and Equipment:N/A
This is a location of 4,500 square feet with a Total Rent of $2,400. Seller is active in the business with 3 FT employees. Hours of operation are 8 AM to 5 PM, Monday - Friday. $40,000 in Inventory and $161,000 in FF&E included in Asking Price. Contractor Registration License Required.
1 Month
Retiring
Additional Info
The business was established in 1999, making the business 23 years old.
The deal shall include inventory valued at $40,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, recent reduction in profits, or an array of other reasons. This is why it is extremely important that you not count absolutely on a vendor's word, however instead, make use of the seller's solution in conjunction with your general due diligence. This will paint a much more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new customers? Most times, businesses have repeat clients, which create the core of their day-to-day profits. Certain factors such as new competitors sprouting up around the location, road construction, as well as personnel turnover can affect repeat clients and also negatively impact future revenues. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the opportunity to build a returning client base. A last thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical household income influence future revenue prospects?
