KW Commercial is a division of Keller Williams Realty, one of the most successful and rapidly expanding real estate providers in the USA and Internationally.
This extremely profitable Central/North Texas stone quarry has experienced multiple years of substantial growth which is projected to continue for years to come. With over 145 acres under its ownership/control, and more land available for future expansion, this company mines sandstone that is sold as large aggregate (rip/rap) and dimensional stone for use in residential and commercial construction projects. As multiple Texas cities have consistently ranked amongst the fastest growing in the country, this stone quarry enjoys unique location based competitive advantages to supply the rapidly growing Texas construction industry. Accordingly, this quarry is now one of the largest independent sandstone operations in Central/North Texas.
The company will produce revenue exceeding $7,000,000 in 2014 (over 50% year-on-year growth), over $2,100,000 in EBITDA, and is projected to do over $9,000,000 in sales in 2015. Both years include additional revenue streams the company employs with vertical integration of shipping their own product. The company has a fleet of trucks which it uses for shipping quarry product that substantially reduces transportation costs in addition to allowing for faster customer delivery times.
The company currently has 2 owners in partnership. One owner (non- operating owner) wants to move on to another opportunity he is developing, thus prompting the sale of this company. The operating owner would like to remain with the new ownership following the quarry sale and is willing to re-invest some proceeds from the sale back into the new company as a minority partner, if he is wanted. The operating owner brings a wealth of corporate knowledge and is excited to work with a new majority partner to build this quarry into the largest and most profitable sandstone operation in Texas. The operating owner is sharp and has helped grow this company from revenues of $100,000 to over $7,000,000 in only 5 years. With a small amount of capital infusion and more equipment, the secondary operating owner is confident that $3,800,000 EBITDA is realistically achievable within the next 2 years, he has already made these proformas. Property comes with the sale.
Do not miss this golden opportunity! A solid, fast growing company with a motivated and retainable minority partner to continue the amazing growth this quarry. For more information, AWH & Associates will be happy to provide additional details after we receive your NDA!
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