Profitable Stone Countertop Fabricator

Listing ID: 1788408
Price: $1,795,000
Location: Texas
DESCRIPTION:

This very profitable countertop business has been servicing the Texas Hill Country area customers for over 25 years!

COVID Essential business on track to have a record year in 2020!!!

SBA authorized bank has already pre-approved this business for SBA backed financing for an approved Buyer.

The highly desirable Hill Country area of Texas continues to grow with more and more people relocating to the area to escape the bigger cities; to enjoy the lifestyle of music, wine, antiques, and shopping; or for a second home and to retire. Whatever the desire, the Hill Country area is sought after and is also a well-known tourist destination with most tourists staying over more than a day and using local hotels, lodges, Airbnb & VRBO type accommodations. Whether residential or commercial, they all utilize countertops and the products this company provides.

This company fabricates and installs custom stone countertops for all residential and commercial applications. They have a strong foundation in the area with great relationships and loyalty amongst the area homeowners, developers, and contractors.
Office and Sales personnel are in place and known for their diligence in planning and their detail orientation of design and ordering.
Fabrication of the stone tops utilizes state-of-the-art automated machinery to cut, shape, and edge each piece according to the CAD drawings with CNC programming. The highly experienced, on-staff fabricators are master craftsmen and can custom work any piece by hand when required. The experienced, on-staff install crew ensure the fit of each piece with attention to quality and detail for a superior end product.

Business is on target for 30% revenue growth in 2020 with double digit revenue growth in prior years!

This business is positioned for the next proud owner to grow it alongside the ever growing and expanding Hill Country area.

What more can a business offer? - Solid, Reputable, Experienced, Profitable, and already SBA pre-approved!!!

LISTING DETAILS:
Down Payment: 15%
Total Sales: $1,796,148
Cash Flow:
FFE Included: Yes
FFE: $600,000
Reaseon For Sale:

Semi-Retirement

Training & Support:

Owners willing to provide 30 days during the transition.

OPERATION:
Year Established: 1994
Days & Hours of Operation: M-F 8-5
Owner Hours Per Week: M-F 8-5
Employees: 10
LOCATION:
Monthly Rent: $3,950
Square Footage: 5000
Facilities Information:

The business location is on a high traffic street with great visibility. The stone slabs are kept in and around the building drawing in drive-by customers and making it easy to see the purpose of the business. The location has easy access for customers, vendors, and for the installation crews to load up and go.

SUMMARY:
Competition:

This company has the highest quality state-of-the-art machines in the area. Other area competitors do not have the level of automated fabrication equipment this company has and many of the competitors are fabricating manually by hand.
This company has built and maintained a solid reputation in the area and has established itself as a cornerstone in the area market with many loyal customers.

Potential Growth:

With the significant new home and commercial construction, along with the remodeling going on in this area, additional project availability is abundant.
Growth could be gained by increasing the current marketing and advertising radius to areas not currently covered, perhaps with a satellite office.
Seek out more commercial projects with developers and contractors.
Add additional install staffing to accommodate higher fabrication output. Currently the fabrication capacity is higher than the installation capacity.

Financing/Terms:

SBA 15% Down.

For more information on this listing, please complete our Non-Disclosure Agreement

PATRIOT MERGERS & ACQUISITIONS

Phone: (512) 640-4360
Fax: (512) 879-6828
Email: Info@patriotmanda.com