Custom Architectural Cast Stone Manufacturers

Cortland, IL


Asking Price: Annual Revenue:
$2,850,000 $2,103,153

Manufacturing: Wood, Stone, Concrete


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RE: Custom Architectural Cast Stone Manufacturers Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $356,250 12.5% Seller Financing or Equity $356,250 75% Bank Loan $2,137,500

Quick Facts

Asking Price: $2,850,000
Annual Revenue: $2,103,153
Net Profit: Not Disclosed
Cash Flow: $679,456
Total Debt: Not Disclosed
FF&E: $1,800,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 19
BBN Listing #: 523134398
Broker Reference #: MFG012-A

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Business Overview:

This is a manufacturer of architectural cast stone for exteriors. They are 100% B2B their main clients being masons or general contractors. Their reputation has led them to a client base made up of 90% repeat customers working in the municipal (75%), commercial (20%), and residential (5%) fields. Their services include creating custom cast stone fixtures such as banding, windowsills, headers, and coping for construction, restoration, and renovation projects. Their team consists of 19 employees including 1 sales, 1 production manager, 1 drafter, 1 supply manager/job scheduler, 1 plant manager, 2 mold shop, and 12 laborers in plant production. 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.

Located in Cortland, IL, this business operates out of a 17,000 square feet location and primarily service the Chicagoland area, primarily the northwest suburbs of Chicago and their nearest competition is 30 miles away. Their current building is not near max capacity and this business has significant room for growth, without needing to get more equipment or warehouse space.

Priced at $2,850,000 this business is set to return new ownership $262,679 in the first year after debt payments. With an excellent staff, reputation, over $2M in assets including $1.8M in vehicles and equipment, 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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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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