Listing ID: 84171

Business Overview

This 12-year-old business sells, prepares, and installs custom countertops from granite, marble, quartz, and other natural stone materials. It operates within a unique market in Southeastern Massachusetts where demand for home building and renovations as well as commercial renovations is regularly active. Revenue and Profit continues to grow notably. Inventory is on hand and skilled workers are in place. It has a superb consumer BBB A+ rating and a reputation for reliability & competence among general contractors. The offering comes with state-of-the-art equipment, experienced office staff and a skilled, mature, and loyal workforce capable of working with a variety of stone products primarily used in kitchens & baths. The stone workers are mostly foreign nationals legally working in the USA. While no special licenses are required for the business, we suggest that a buyer have some familiarity with the industry, which can be picked up on the job.
Stone slab inventory is offered separately, and its value varies. Qualified buyers should plan on $80,000 to $150,000 for inventory depending on the amount of work in the pipeline.
Ownership will agree to a non-compete agreement. A Non-disclosure Agreement and qualifying funds documentation is required from interested parties to view our full Confidential Business Memorandum.

Financial

  • Asking Price: $830,000
  • Cash Flow: $316,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: $240,000
  • Inventory: $100,000
  • Inventory Included: N/A
  • Established: 2009

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3000 SF showroom w/ 10,000 Yard for storage

Is Support & Training Included:

Available with sale and consulting thereafter

Purpose For Selling:

Retirement

Opportunities and Growth:

Quality workmanship to enhance its reputation among home & commercial contractors. Expand services to Plymouth area, Islands and other areas where housing and commercial building is strong after recruiting/ training more skilled persons. The industry relies on skilled estimators and fabricators and one needs those in place in order to deliver finished product on time based on general contractor’s schedule.

Additional Info

The company was founded in 2009, making the business 13 years old.
The transaction shall not include inventory valued at $100,000*, which ins't included in the suggested price.

The company has 8 employees and is situated in a building with approx. square footage of 3,000 sq ft.
The building is leased by the company for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell companies. However, the true factor vs the one they tell you might be 2 completely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or an array of various other factors. This is why it is really crucial that you not count completely on a vendor's word, however rather, make use of the seller's solution together with your overall due diligence. This will repaint an extra reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that profit margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in brand-new clients? Often times, businesses have repeat consumers, which develop the core of their daily revenues. Particular elements such as new competition growing up around the area, roadway construction, and personnel turn over can affect repeat customers as well as adversely impact future revenues. One essential 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 highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the local median family earnings effect future earnings prospects?