Stone & Granite Wholesale Distributor with Property! (37908)
Business Description
Recognized for dependable performance in Connecticut, the company offers a wide range of quality products like thin veneers, steps, treads, and full bed stones, as well as specialty sawing and stone-splitting services to its 5 surrounding states. The impressive workplace is an industrial facility measuring 8,000 square feet, featuring a large production floor and storage yard with ample space for inventory and equipment. The business is centrally located in a high-traffic area and the property is included in the listing price; the monthly tenancy of $2,800 per month adds to the profit margins. Benefiting as a debt-free company with a command of the market, Targeted Sales are projected at $1.4 Million for 2023 with SDE around $400k. Revenues reached $1,055,137 in 2022 alongside Discretionary Earnings of $293,150 and EBITDAs of $215,226. Direct payments from clients are typically received within one week. With organic growth, daily operations have streamlining capabilities as an experienced team of three nonunion employees are most likely to remain post-purchase after a smooth owner’s transition of twelve months. The diverse portfolio and array of products brings an established loyalty from its local community, backed by high ratings and a strong East Coast reputation. A simple website can be improved and SEO’d and light social media use could be increased. Their lack of ongoing advertising programs allows potential for growth using a more aggressive internet presence and continued referrals from their large, repeating client base. With high-end brands, this is a great business, call IAG M&A Advisors today!
About the Business
- Years in Operation
- 17
- Number of Employees
- 3
- Facilities & Assets
- Listing also includes Vehicles of $32,990! Inventory range is $200K to $300K.
- Opportunities for Growth
- Extra profit margin come from a $2,800 monthly tenancy!
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 8,000
About the Sale
- Seller Motivation
- Time for slower pacing.
- Transition Support
- Smooth Owner Transition period of 12 months.
- Financing Options
- Negotiable up to 20% for the right buyer.
Listing Info
- ID
- 2098014
- Listing Views
- 2288
Listing ID: 2098014 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. See our full Terms of Use. Learn how to avoid scams.
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