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Business For Sale
MANUFACTURER OF DECORATIVE GRANITE, MARBLE
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Asking Price: |
$1,950,000
USD USA Dollars
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Business for Sale Industry: |
Manufacturing: Wood, Stone, Concrete
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Reason for Selling:
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Retiring |
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Year Established:
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2001 |
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# of Employees:
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14 |
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Yearly Cash Flow:
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$700,000 |
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Yearly Net Profit:
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$700,000 |
Business for Sale Overview:
This great granite company is a superbly constructed, highly efficient, low maintenance manufacturer of decorative granite, marble, onyx, slate and soapstone products. Created in 2001, enjoyed vigorous growth until the sub-prime housing difficulties of 2007. The current owners, two partners, are retiring after careers that Included the creation, purchase, and sale of half a dozen similar small enterprises.
Property Features and Assets:
The weighted average of the cash flows for 2005, 2008, and 2007 is $631,353 with the highest cash flow in 2005 of $841,230. Mid Atlantic Granite, an equipment rich manufacturer, is being offered for acquisition at a multiple of three times the historical cash flow, or $1,950. The projected net cash flow to a new owner, after debt service and the hiring 01' a manager, would be $520,000 at 2006 sales levels or $251,000 at 2007 sales levels.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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