#1480 Solid Surface and Stone Fabrication and Installation Business

South East

#1480 Solid Surface and Stone Fabrication and Installation Business
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Asking Price: $10,750,000

Cash Flow: $2,377,088

Gross Revenue: $14,712,386

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

#1480 Solid Surface and Stone Fabrication and Installation Business

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Business Description

2018 Revenue: $14,712,386 2018 Cash-Flow: $2,377,088
2017 Revenue: $12,246,495 2017 Cash-Flow: $1,697,110

OVERVIEW

This business offers interested buyers the unique opportunity to own a highly successful solid surface and stone fabrication and installation company. Granite, quartz, marble, Corian and other solid surfaces are manufactured in the current facility with an automated fabrication process. The current owner travels to the business each month to observe operations, monitor customer projects, review vendor performance, and communicate with the staff regarding new client opportunities.
The business is offered on an asset sale basis. The tangible assets included in the sale consist of working capital equaling the total sum of $1,430,000.00 and include inventory (plus accounts receivable, plus cash on deposit, less accounts payable), all the client records, equipment and vehicles utilized in the business with an estimated value in excess of $711,000.00, all work in progress at the time of the closing as well as intangibles (trade name, goodwill) in the sales price. The assets will be delivered at closing, free and clear of all long-term liabilities. Work in progress will be divided equitably and reconciled on a percentage of completion basis to the mutual satisfaction of both parties prior to closing. Excluded from the sale are excess cash on deposit, long-term liabilities, and the land and building.

The business has a general manager, operational manager, and controller that manage the business operations day to day while the owner is absent. The fabrication facility is fully automated to cut and edge granite, quartz, marble, Corian and other solid surfaces. The business has seen constant double-digit (%) growth in cash flow, 20% from 2016-2017 and 19% form 2017-2018.

This business provides consistent growth and increasing cash flow and is a solid opportunity to pursue a career in stone and solid surface entrepreneurship.

SCOPE OF SERVICES

The business fabricates and installs the following solid surface products:
- Granite - Quartz
- Marble - Corian

FACILITIES

The seller of the business owns the warehouse and office space. Seller will enter a long-term lease with potential purchaser. Annual base rent will be $120,000.00 triple net, with a 3% annual increase. The above cash flow reflects a deduction of $120,000.00 for base rent and triple net expense.

For more information, contact Larry Lawson, President, Florida Division at Viking Mergers & Acquisitions

Lawson@vikingmerger.com office: (813) 773-3773 direct: (813) 773-3772 cell: (813) 601-1317

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Larry Lawson

Business Listed By:
Larry Lawson

Viking Mergers & Acquisitions

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Sponsoring Broker:
Jay Offerdahl

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