Turnkey Cast Stone Fabrication And Counter Top Business

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10 Yr Old! Growth! Profitability! Can be run from anywhere!
Asking Price:
$928,000

Gross Revenue:
$440,000
Cash Flow:
$209,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$250,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

10 YR OLD VERY PROFITABLE GROWING TURNKEY CAST STONE FABRICATION AND COUNTER TOP BUSINESS!!

This 10 yr old, founded in 2009, limestone cast stone fabrication and counter top business is centrally located in California and ships to not only all of California but also the entire U.S. Production management and a showroom are already in place for a TURNKEY business opportunity. GROWING REVENUE AND PROFITS on a year over year basis!!!! Revenue in 2018 was up 35% over 2017 and 2017 was up 27% over 2016 and YTD 2019 is up over 2018 and 2019 year to date is growing over 2018. Profits were up 43% in 2018 over 2017 and 2019 profits continue to climb year to date. The company makes cast stone fireplace mantels (approx. 33% of sales), counter tops and and granite sales (33% of sales), and other custom cast stone work (33% of sales). The company makes it’s own cast stone molds, over 1,000 molds, which gives it a competitive advantage over its competitors, keeps a significant inventory of granite and quartz slabs in stock for easy customer selection and if by chance they aren’t carrying what a customer wants they can order it. QUALITY AND ON-TIME DELIVERY is what the company is known for. Can easily grow the business even more than it is growing now by: 1) Hire sales people for each area (Southern Cali; Central Cali; Northern Cali) 2) build more of an online and social media presence 3) combine the showroom and production and slab yard into one location 4) Hire additional office staff to reduce turnaround time on quotes. Currently the company is working on redoing the website to allow architects the chance to download cad drawings. Currently both the showroom and the production facility have great leases that can be extended for the new owner if they desire or the current owner also has land for sale that can be developed to put both the showroom and production facility in one location. Owner will also sell the granite and slab inventory ($300,000 which is significantly less than the market price). Owner retiring and moving the family to Texas to be with other Family. Owner will stay on and train. Owner will finance up to 50% of the purchase price for the right offer and buyer. DON’T MISS THIS OPPORTUNITY!! WON’T LAST LONG!!

About the Business

Location:
Ventura County, California
Year Established:
2009
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
6,000
Rent:
$4,295.00 Per Month
Lease Expiration:
4/1/2020
Facilities:
There are 2 facilities. A showroom of approximately 1,000 sq ft and a production facility and granite and quartz slab yard of approximately 5,000 sq ft and 1/2 acre of land. The owner also has property for sale which is right off a major highway for great visibility and a new buyer could consolidate the showroom and the production facility to one site.
Market Outlook/
Competition:
Not very many competitors. Smaller players don't have the inventory nor a showroom and larger players that have the inventory can't meet the quality and on-time delivery schedules.
Growth & Expansion:
1) Hire sales people for each area (Southern Cali; Central Cali; Northern Cali) 2) build more of an online and social media presence 3) combine the showroom and production and slab yard into one location 4) Hire additional office staff to reduce turnaround time on quotes. Currently the company is working on redoing the website to allow architects the chance to download cad drawings.
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About the Sale

Reason For Selling:
Owner moving his family to Texas to be with other family
Training/Support:
Owner will train for 60 days and then will be available by phone for consultation
Seller Financing:
Will finance up to 50% for the right offer and buyer

Listing Info

ID:
1646439
Ad Detail Views:
0

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Toby Barker
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