Stone Distribution / Manufacturing Business

Broome County, NY

Seller Financing Available
Stone Distribution / Manufacturing Business

Asking Price:$1,950,000

Cash Flow:$900,000

Gross Revenue:$3,300,000

EBITDA:N/A

FF&E:$650,000

Inventory:$50,000*

Established:1980

*not included in asking price.

Stone Distribution / Manufacturing Business

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Business Description

Most unusual opportunity for this highly profitable “niche business”, natural Stone manufacturer located in New York State, consisting of a stone fabrication company with a long history of success in the industry, since 1980. The company quarries and provides Premier Flagstone and Bluestone products for Blue Select Pavers, Steps, Steppers, Tumbled pavers and other uses. The sale includes the real estate of a ten-acre manufacturing site and leased quarries with long term leases which represent decades of remaining available production. The sale also includes a variety of state of the art equipment which represents a substantial asset value to the company. The company has innovative proprietary machinery and techniques and a solid reputation as an environmentally friendly manufacturing company. The business has a 2015 gross yearly income of $3.300,000, a net yearly income of $900,000 and the 2016 gross income is expected to further increase. The sale includes all the necessary production / distribution equipment required for this industry which includes various long-term leased quarries. The business has the various state, county and federal licenses required for this particular type of manufacturing industry and is additionally approved with various national testing companies. The Company has 40 full time experienced employees; all employees are unaware of the pending sale and expected to remain post closing. Based on the asking price, required down payment and net income this business will supply a substantial and continued return to the owner operator prior to debt service. This manufacturing company has a 2015 yearly gross income of over $3.3m and a yearly net income of $900,000 based with an owner operator and prior to debt service. The business has been valued at $1,950,000, based on a multiple of three times the net yearly income, which also includes the real estate value, quarry leases and the value of the specific business assets. Bank and seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Inventory:
Not included in asking price
Employees:
Thirty
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company is conveniently located in New York State with continued demand for this product and nearby to its various national customer base distributors. The primary manufacturing site is made up of ten acres in a state of the art facility and fully equipped to double its present production.
Competition:
Due to the various required licenses, specialized stone products and required equipment, it is our opinion, that limited similar competitive manufactures will be a factor to this transaction, additionally the seller will supply a non compete agreement to the purchaser.
Growth & Expansion:
The main challenge for the Company is keeping up with strong demand for more product from its existing customer base. A moderate capital expenditure for additional equipment would allow the Company to significantly grow its top-line while lowering its production costs in the process. A geological appraisal of the Company’s first quarry completed several years ago determined the estimated volume of the reserves to be approximately 10,000,000 cubic feet. The Company has since acquired the rights to mine additional parcels, providing a stable supply of stone reserves well into the future. Finally, additional growth is available by developing its aggregate stone products which has a huge market demand.
Financing:
Bank & Seller financing is available for qualified buyers.
Support & Training:
The owner will remain post-closing in order to supply an appropriate transitional period to the new operator, and then be available to the new owner on a consulting basis.
Reason for Selling:
The owner has elected to retire after many years of success.

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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