Countertop Business with Good Cashflow
Listing No: BBF-966-005175 | *May Qualify For Visa* |
Category | : | Construction | SIC | : | 1751 | |
Detail | : | Contractor Counters | Price | : | 3,100,000 | |
County | : | Collier | Down | : | 3,100,000 | |
State/Prov | : | Florida | Adj Net | : | 557,671 | |
Country | : | USA | Sales | : | 2,387,358 |
Great Opportunity to acquire a successful and growing countertop fabrication and installation business. Revenues have been steady and profits growing every year. The market is bringing in new residents everyday and the remodeling market has been accelerating with the current remodeling cycle. All inventory is fabricated on site and installed by in house installation crew. Granite, quartz, marble, and stonework are prized among commercial and residential builders. The business that crafts masterpiece countertops for both kitchens and bathrooms is well positioned for exponential growth over the coming decades. They are known for providing customers with a stress-free experience. They design, build, deliver, and install every contract with a keen eye on the client's budget and schedule. The business is a phenomenal opportunity for a buyer interested in an established stonework business with a great reputation, expert staff, consistent cash flow ranging from 13 - 15% of sales, and incredible room for growth. |
Reason for Sale | : | pursue other interests |
General Location | : | Collier County |
Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
: | Years Established : 15 Years Owned: 15 Emp FT: 10 Emp PT: 0 Mgrs: 0 | |
Non Compete | : | Miles: 150 Years: 3 Weeks Training: 2 Cost: 0.00 |
Operating dys/hrs | : | M-F 7:45-4pm |
Skills/Licenses | : | Business experience |
Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: Y |
Data Source | P/L Statement | Tax Return | Tax Return | ||
Year (Cash Flow) | 2020 (N) | 2019 (N) | 2018 (N) | ||
Gross Revenue | 2,387,358 | 2,177,863 | 2,283,629 | ||
Cost of Goods | 1,084,284 | 974,562 | 1,068,170 | ||
Gross Profit | 1,303,074 | 1,203,301 | 1,215,459 | ||
Expenses | 904,468 | 1,068,686 | 1,132,129 | ||
Net | 398,606 | 134,615 | 83,330 | ||
Owner Salary | 150,800 | 150,800 | 150,800 | ||
Benefits | 15,080 | 15,080 | 15,080 | ||
Interest Expense | 3,105 | 3,421 | 3,389 | ||
Depreciation | 25,000 | 32,417 | 50,013 | ||
Other | -34,920 | -34,920 | -34,920 | ||
Owner Benefit | 557,671 | 301,413 | 267,692 |
Accounts Rec | 0 | N* | Real Estate | 1,900,000 | Y* |
Inventory | 0 | Y* | ___________ | 0 | Y* |
F F & E | 750,000 | Y* | Total Assets | 2,650,000 | Y* |
Leasehold | 0 | N* | *Included? |
Lease/Month: 6,800 | Square Footage: 6,800 | Building Type: industrial shop |
Terms & Options: | Expiration Date: 11/30/2021 |
Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
GREGORY T. BELL | Office | : | (239) 849-9334 | |
ASSOCIATE | Agent Direct | : | (913) 226-7735 | |
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
999 VANDERBILT BEACH RD. STE 200 | Cell | : | (913) 226-7735 |
NAPLES, FLORIDA 34108 | : | [email protected] | ||
USA | Home Page | : | www.sunbeltnetwork.com/naples-fl |
Background information
Reference:
NAPFL001-N75
Year established:
2005
Reason selling:
Other Interests
Finance
Sales:
$2,387,358
Profits:
$577,511
Profit type:
EBITDA
Operations
Employees:
10 employees 4 installers, 5 fabricators, a 1 office assistant.
Equipment:
All included in the sale
Inventory:
Included in the sale
Premises
Facility:
They own the property and lease back to the business. 2000 sq ft showroom and offices and 4800 sq ft for fabrication and warehouse.
Square footage:
6800
Rent and lease terms:
6400 a month.
Location:
Centrally located industrial area
Opportunities
Growth:
Market will continue to grow and is currently going through a remodeling cycle.
Market:
Growing market with more residents moving in everyday and residential building increasing.
Price and terms
Price:
$3,100,000
Down payment:
$3,100,000
Financing:
Small seller financing may be available for right buyer
Training:
2 weeks included with the sale.