Supplier of Brick Products

Mid West

Supplier of Brick Products
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $7,700,000

EBITDA: $400,000

FF&E: N/A

Inventory: N/A

Established: N/A

Supplier of Brick Products

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Business Description

The Company distributes a variety of bricks primarily used in residential homes, commercial buildings, and in the wholesale market. It distributes a full line of brick and paver-related accessories, including Natural Stone, Concrete Blocks, Address Stones, Keystones, Flashing, Flue Liners, Water Repellant, Cleaning Products, Paving Brick, and Firebrick & Fireclay.

In 2018, the Company’s sales breakdown was as follows: Resale Brick (33% of 2018 sales), Company Manufactured Brick (37%), Stone (16%), and Other (14%). Prior to Q1 2018, it actively manufactured bricks in-house. However, the Company made a strategic decision to focus on the purchase and re-distribution of brick as of Q1 2018.

The Company has been selling bricks and related products for over 125 years. Overall, it sells products to over 215 builders, contractors, and wholesalers in the region.

The Company owns a series of buildings comprising 87,100 square feet for storing brick products, as well as a 10,000-square foot office showroom/storage facility. It is currently staffed by 26 full-time employees, including 8 general laborers, 8 salespeople, and 5 administrative people.

Detailed Information

Competition:
* Experienced Staff: In addition to the key shareholders’ extensive brick industry experience, many of the Company’s key employees also have significant building material manufacturing knowledge. This wealth of experience and expertise provides the Company with a significant intangible asset and advantage over many competitors. * Strong Customer Relationships: The Company has strong ties to clients due to its regional reputation and excellent customer service. More specifically, the Company’s database includes approximately 700 customers. * Modest Ongoing Capital Investment Requirements: Management does not expect significant investments in capital assets to be required over the pro forma period.
Financing:
Negotiable
Support & Training:
To facilitate a successful and orderly transition, the current management is willing to remain with the Company during a transition period.
Reason for Selling:
Additional capital required to take Company to the next level
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Ryan Johnson

Business Listed By:
Ryan Johnson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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