Cast Stone Fabrication for Commercial Building

Not Disclosed, IL


Asking Price: Annual Revenue:
$2,495,000 $2,129,608

Services: Engineering, Architectural Services


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RE: Cast Stone Fabrication for Commercial Building Broker: Seller of Business
Owner Financing is Available!
12.5% Buyer Down Payment $311,875 12.5% Seller Financing or Equity $311,875 75% Bank Loan $1,871,250

Quick Facts

Asking Price: $2,495,000
Annual Revenue: $2,129,608
Net Profit: Not Disclosed
Cash Flow: $592,039
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 19
BBN Listing #: 856734398
Broker Reference #: MFG012-C

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Business Overview:

This Chicago based Fabricator is an architecturally based business that fully handles external work with their custom products which are created to restore unique and aged stone structures. They primarily produce these products for general contractors and mason contractors as they do not self-perform any labor or handle any installation. Their work is mainly focused on municipal contractors as this makes up 75% of their orders with the commercial market making up 20% and exterior residential work making up the remaining 5%. Their services are utilized by museums and multi-family housing units for more eye-catching stones by creating a mold and color matching the original stones, which may no longer be available. Their team consists of 19 employees including 1 sales rep, 1 production manager, 1 drafter, 1 supply manager/job scheduler, 1 plant manager, 2 mold shop workers, and 12 laborers in plant production.

The purchase of this business includes over $2 million worth of assets to allow the team to continue operating as they have been. The current owner has offered to stay on in his current role of bookkeeping for 1-2 years after the purchase of this business. He’s also offered 12.5% seller financing or equity roll of the purchase to express his confidence in the
business’s ongoing success. This business operates out of a 17,000 square feet location and primarily services the Chicagoland area, more specifically, the northwest suburbs of Chicago and their nearest competition is 30 miles away.

Their current building is nowhere near max capacity and this business has significant room for growth, without needing to invest in more equipment or warehouse space.

Priced at $2,495,000 this business is ready for a new owner to step in and continue operating on the foundation laid before them. With an excellent staff, reputation, and a profit margin of 32%, this niche business is primed to offer new ownership exponential growth opportunities with minimal additional investments needed.

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Property Features and Assets:

Vehicles & Equipment: $1,800,000 Working Capital=$146,615 =A/R: $384,868–A/P: $238,253 Improvements: $64,000

Market Competition and Expansion:

The current space allows for significant growth in production if new ownership increases the staff.

Reason for Selling:

Retirement Planning.

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.

Documents:

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