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Well Established Stone Company
Building and Const. Services - Construction Sub-Contractors | Building and Const. Services - General Building Contractors
| Asking Price: | $2,000,000 | Inventory: | $300,000 ++ |
| Gross Revenue: | $3,700,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $340,000 (comments below) | FF&E: | $1 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 Revenue (down year) | |||
| Cash Flow Comments: Owner Compensation | |||
preferred seller to the government
As an established, (50 year old company), preferred seller to the government, the company, as a stone contractor, is frequently invited to bid on projects ranging from $25,000 to $2,500,000 with scopes of work ranging from public walkways and bridges, to building façades, office towers, major retailers, institutional (schools and churches) buildings. As specialty stone contractors, the company imports and retails stone for contract projects, as well as for distribution to local stone contractors, provides design/build services, and has successfully completed high profile public (government and institutional) and private projects (Fortune 500) throughout the state of New Jersey.
It is a New Jersey based company within the NY Metro territory, with direct access to New York City and major arteries (HIGH VISIBILITY LOCATION).
Given the success of the construction company, a retail division was created organically to service subcontractors and local development demand for natural stone products and masonry material.
Current ownership has not fully developed the retail component of the company.
The new owner, besides leveraging existing construction business, can greatly expand the company by focusing on retail. Retail currently operates as a “Cash and Carry” business
Growth potential exists:
To further develop the Mason Supply Division
To add Nursery landscaping service/products
To add Water Proofing products
To add Restoration products
The company has not focused on the residential sector.
It is a New Jersey based company within the NY Metro territory, with direct access to New York City and major arteries (HIGH VISIBILITY LOCATION).
Given the success of the construction company, a retail division was created organically to service subcontractors and local development demand for natural stone products and masonry material.
Current ownership has not fully developed the retail component of the company.
The new owner, besides leveraging existing construction business, can greatly expand the company by focusing on retail. Retail currently operates as a “Cash and Carry” business
Growth potential exists:
To further develop the Mason Supply Division
To add Nursery landscaping service/products
To add Water Proofing products
To add Restoration products
The company has not focused on the residential sector.
About the Business
Year Established:1958
Employees:20 full time -
Facilities:The site is located on approximately 1 acre. There is a building on the site. The land is available for sale or for lease as part of the transaction.
Market Outlook and Competition:This is the only stone company in the county. Increased activity in current and planned municipal infrastructure projects in the vicinity of the business uniquely position the business for growth, while key relationships with the metropolitan region’s largest general construction firms offers opportunities within the private sector.
About the Sale
Management Training and Support:Owner will ensure smooth transition. He is willing to stay on a contractual basis thereafter.
Reason For Selling:Retirement
KEYWORDS: Mason, Landscaping, Stone, Water Proofing, Restoration, Construction, Sub Contractor, Contractor, Opportunity, Expansion
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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