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Masonry retail company with optional quarry purchase

Central Connecticut, Connecticut (Hartford County)

Retail - Blding Mat., Hardware, Garden

Asking Price $2,500,000 Inventory $500,000** 
Gross Income $3,115,000 Real Estate $2,200,000** 
Cash Flow $551,000 Year Established 1984
FF&E N/A Employees 12ft +? pt

* included in the asking price

** not included in the asking price

Here is an opportunity to acquire a well established business with a high cash flow in a fast growing industry. The company has many kinds of stone products for sale such as building-stones, marble and granite, tile, granite and marble tile. The company supplies materials to build kitchen countertops, vanities, bathroom vanities, fireplaces, chimneys, concrete pavers for driveways, walkways and patios. The company is well known for its excellent service, has a strong referral base and a comprehensive list of contractors to better help its customers by providing specialized skills. The 120 acre quarry in a the next county is also available for sale. The owner is willing to sell the business with the real estate (quarry) together, or sell the business and the real estate separately.

Facilities: The leased facility is located in an industrial zone on 2 1/4 acres. There is a 5 year lease with 4 years remaining and a 5 year option. The total square footage of the office buildings, show room and another building is around 10,000 sq ft. There is also a warehouse and in-ground scale. There is a right of first refusal to purchase the property. A 120 acre quarry with excavation permit in north eastern Connecticut is also available for sale.

Competition: This company has a competitive edge since it owns its own quarry, and therefore has better control of its sources

Growth/Expansion: An opportunity to grow this business since the present owner has not emphasized marketing, but rather has relied on 'word of mouth' to attract sales.

Support/Training: Owner is willing to assist in smooth transition providing appropriate training as part of purchase price.

Reason Selling: Owner has other interests

AD # 287778

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