37604-Fantastic Granite & Tile Design and Installation Business

FL

Seller Financing Available
37604-Fantastic Granite & Tile Design and Installation Business
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Asking Price: $499,000

Cash Flow: $105,000

Gross Revenue: $1,828,000

EBITDA: $35,824

FF&E: $70,000

Inventory: $80,000

Established: 2010

37604-Fantastic Granite & Tile Design and Installation Business

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Business Description

‘One-stop-shop’ manufacturer primarily servicing Orlando area, as well as other major cities in Central Florida such as Miami, Tampa & Jacksonville, specializes in the design, fabrication and one-year warrantied installation of wide variety high-end granite, quartzite, Cambria, Pompeii, Caesarstone and other directly-selected tile products. Company operates from its monthly $3,286-leased facility in Orange County which features 6,000-square feet of storefront showroom, production area and office space; it is in excellent condition, zoned for industrial use, and is capable of handling additional capacity. The majority of sales come from the close work with residential, medical and commercial projects of custom builders and general contractors, remaining 2% comes from retail individuals and homeowners. Their tools, average-valued inventory of $80k, most of which. Is ordered per assignment. The skilled team of 14 personnel with industry experience has proven a track record, supported by nine years of ongoing business since its inception in 2010. With an operations manager in place, the new owner has flexibility for company involvement. Sales efforts only being made during downturns, present an opportunity for strategic buyer to expand its already large repeat customer base with additional marketing. Income has been increasing annually due to an improving local economy. After investing in asset purchases over the past couple of years, the continued growth is now affecting profit margins for 2019! During 2018, total revenue was $1,828,000 with Seller’s Discretionary Earnings near $100,000.

Detailed Information

Inventory:
Included in asking price
Employees:
14 nonunion
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
Up to 6 months
Reason for Selling:
Approaching retirment
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IAG Buyer Division

Business Listed By:
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IAG

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