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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
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.
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.