Granite Masters is one of the oldest, most established stone and granite fabrication and installation companies in the eastern DFW area. It's reputation for quality work and seamless product finish is tops in the region.
For the past few years, the owner has focused on existing customers and the long-standing relationships, which has been steady and profitable to drive the financial results of the business.
As with many people nearing the end of their working career, keeping the business in a repeatable and comfortable mode has been more important than growth and expansion.
While there is an existing Facebook page and a web site, this has not been used for targeted marketing and growth and infrequently updated. No other social media platforms or electronic marketing systems are in place, making Granite Masters a prime candidate for substantial sales growth by simply increasing the technology footprint of the company.
However, the existing operations and installation team, along with the base of equipment and vehicles, leaves plenty of room for sales growth with minimal social media, marketing and/or outside sales presence.
Over the past 6 years, owners discretionary cash flow has averaged $129,000 per year, despite the influences of the COVID era, rapidly increasing interest rates and global uncertainties. With Rockwall County alone being the 4th fastest growing county in Texas and among the leaders nationally, there is no better place to be with an established business that is well positioned for both new build and the home remodel sector.
The current owner has been with the company 11 years, while the core operations and installation team has 20 years' experience with the business. Their reputation for quality is unmatched, with most customers challenged to find any seams post installation, which very seldom happens.
While the existing base business is substantial, the ability to expand with the existing equipment and personnel is in the 50% range, driving very strong accretive cash flow for the new owner.
Although inventory fluctuates somewhat with ongoing business, the inventory, equipment and vehicles represent approximately $500,000 in book value for the new owner. Real estate is leased and not owned, but the business is location on a very visible site on Highway 276 in the eastern part of Rockwall County.
The current owner financed the business through an SBA loan and was able to pay the note in full and on time. Granite Masters is listed for sale at $419,000 and includes all inventory, equipment and vehicles. Owner will stay on board for a transition period to be determined.