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17564 - Highly Profitable Stone Manufacturing
Boasting a strong niche focus of being one of the only supply companies in its area to be privately owned, inhouse custom manufacturer provides stone products and delivery services to its surrounding geographic area. Including cut or polished limestone, bathroom and kitchen fixtures, mulch, granite and marble amongst others; with majority of its income sourced from repeat clients needing raw materials for contracting applications. Headquarters operates from 27,000 square feet of property in Northeast Texas, found to be in excellent condition, zoned for commercial use, and capable of handling additional capacity; facility is available for a *separate purchase from the Asking Price. Since inception in 2003, company functions benefited by a skilled personnel of nine nonunion employees with field experience have created a promising track record of seventeen years in business ensuring high levels of customer satisfaction and cost controls. Seller agrees to a smooth transition of up to one year, as advertising efforts have presented effective returns from minimal capital investment through marketing methods such as direct walk-ins and word of mouth referral sources; allowing several growth opportunities for a strategic buyer. Currently projecting to outpace gross sales reports for 2019, companyâs total revenue in 2018 reached $2,905,000, with Sellerâs Discretionary Earnings of $1,191,000. Based on an independent evaluation!
Listed By: Flavia Milano
Listed By: Flavia Milano
Background information
Seller Number:
17564
Year established:
2003
Reason selling:
Approaching retirement
Finance
Sales:
$2,905,000
Profits:
$1,191,000
Profit type:
Discretionary Earnings
Operations
Employees:
9
Premises
Facility:
Optional
Location:
Northeast Texas.
Price and terms
Price:
$6,800,000
Financing:
Yes
Owner Transition:
The owner is available for a standard transitioning period up to one year.