| Asking Price |
$1,950,000 | Inventory |
|
|---|---|---|---|
| Gross Income |
Not Disclosed | Real Estate |
|
| Cash Flow |
$700,000 | Year Established | 2001 |
| FF&E |
N/A | Employees | 14 |
* included in the asking price
** not included in the asking price
This great granite company is a superbly constructed, highly efficient, low maintenance manufacturer of decorative granite, marble, onyx, slate and soapstone products. Created in 2001, enjoyed vigorous growth until the sub-prime housing difficulties of 2007. The current owners, two partners, are retiring after careers that Included the creation, purchase, and sale of half a dozen similar small enterprises.
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Competition: The weighted average of the cash flows for 2005, 2008, and 2007 is $631,353 with the highest cash flow in 2005 of $841,230. Mid Atlantic Granite, an equipment rich manufacturer, is being offered for acquisition at a multiple of three times the historical cash flow, or $1,950.000. The projected net cash flow to a new owner, after debt service and the hiring 01' a manager, would be $520,000 at 2006 sales levels or $251,000 at 2007 sales levels.

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