Solid Surface and Stone Fabrication and Installation Business (#1480)

2018 Revenue:  $14,712,386

2018 Cash-Flow:  $2,377,088

2017 Revenue:  $12,246,495

2017 Cash-Flow:  $1,697,110

OVERVIEW

This business offers interested buyers the unique opportunity to own a highly successful solid surface and stone fabrication and installation company. Granite, quartz, marble, Corian and other solid surfaces are manufactured in the current facility with an automated fabrication process. The current owner travels to the business each month to observe operations, monitor customer projects, review vendor performance, and communicate with the staff regarding new client opportunities.

The business is offered on an asset sale basis. The tangible assets included in the sale consist of working capital equaling the total sum of $1,430,000.00 and include inventory (plus accounts receivable, plus cash on deposit, less accounts payable), all the client records, equipment and vehicles utilized in the business with an estimated value in excess of $711,000.00, all work in progress at the time of the closing as well as intangibles (trade name, goodwill) in the sales price. The assets will be delivered at closing, free and clear of all long-term liabilities. Work in progress will be divided equitably and reconciled on a percentage of completion basis to the mutual satisfaction of both parties prior to closing. Excluded from the sale are excess cash on deposit, long-term liabilities, and the land and building.

The business has a general manager, operational manager, and controller that manage the business operations day to day while the owner is absent. The fabrication facility is fully automated to cut and edge granite, quartz, marble, Corian and other solid surfaces. The business has seen constant double-digit (%) growth in cash flow, 20% from 2016-2017 and 19% form 2017-2018.

This business provides consistent growth and increasing cash flow and is a solid opportunity to pursue a career in stone and solid surface entrepreneurship.

SCOPE OF SERVICES

The business fabricates and installs the following solid surface products:

– Granite   – Quartz

– Marble    – Corian

FACILITIES

The seller of the business owns the warehouse and office space. Seller will enter a long-term lease with potential purchaser. Annual base rent will be $120,000.00 triple net, with a 3% annual increase. The above cash flow reflects a deduction of $120,000.00 for base rent and triple net expense.

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