Business Overview

A once-in-a-lifetime chance to purchase this lucrative stone and monument, family-owned business, which enjoys an unparalleled reputation for craftsmanship, service and a loyal customer base. Operating from spring until late fall, the company’s revenues and owner’s income are comparable to businesses operating year-round. This sale includes the Real Estate, FF&E, the business name, and an inventory which is increasing in value. Few businesses are able to offer such a complete, turn-key opportunity. The employees are long-tenured, skilled and able to operate nearly all aspects of the business as you learn the ins-and-outs. Owners are willing to train and would be available for an agreed upon time frame to assist in the transition. There is also enormous potential for additional growth and expansion for a motivated owner.
Truly considered one of the true gems in the industry, this business is recession proof and well positioned for long term profitability. This business is being sold with the real estate, which is a very well maintained 3-bedroom home on ten acres with an attached workshop and large garage.
This listing will not remain available for long as owners are motivated to sell and the income from this business is exceptional. Please direct all inquiries to the listing broker, Daniel Baber of Maine Business Advisors LLC/Transworld of Portland Maine.

Financial

  • Asking Price: $1,275,000
  • Cash Flow: $320,000
  • Gross Revenue: $615,813
  • EBITDA: N/A
  • FF&E: $67,545
  • Inventory: $280,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

6 weeks

Purpose For Selling:

retirement

Additional Info

The transaction will include inventory valued at $280,000, which is included in the suggested price.

The business has 7 employees and resides in a building with estimated square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell companies. Nevertheless, the true reason vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of other reasons. This is why it is extremely crucial that you not rely totally on a seller's word, however rather, make use of the seller's response in conjunction with your general due diligence. This will paint an extra sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that profit margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new clients? Many times, companies have repeat customers, which create the core of their daily profits. Particular elements such as new competitors growing up around the area, roadway building and construction, as well as personnel turnover can impact repeat customers as well as adversely influence future earnings. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to develop a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood typical household earnings influence future earnings potential?