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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 :   [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.