Custom Countertop Manufacturer

Not Disclosed, WI

Asking Price: Annual Revenue:
$950,000 $551,762

Manufacturing: Furniture, Fixtures Manufacturing

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RE: Custom Countertop Manufacturer Broker: Patrick McAdams

Quick Facts

Asking Price: $950,000
Annual Revenue: $551,762
Net Profit: Not Disclosed
Cash Flow: $183,142
Total Debt: Not Disclosed
FF&E: $215,382
Real Estate: $700,000
Year Established: 1986
Employees: 3
BBN Listing #: 56934955
Broker Reference #: 4102-16261

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Business Overview:

A new owner can work 40 hours a week and pay themselves $75,000/year. After debt service ($53,800/year) and a life insurance policy (estimated to be $750/year) to satisfy the lender, the new owner could expect to have net income of approximately $30,000 (based off of 2020 financials). So far in 2021, SDE is up about 4.4% over 2020.

It has proven itself to be recession proof for the past 36 years. Whenever a downturn on the economy has slowed down new home construction, remodeling picks up.

The company has not advertised or had a sales person on staff in over 10 years and business keeps going. With the increase in building materials and labor costs in the home building and remodeling industry, more clients are knocking on the front door of this company to manufacture products for their clients homes.

The company produces the countertops and other home products one morning and can install it two days later, so there is very little inventory (only the raw materials needed to manufacture the product). Cash flow is excellent. Most clients pay in under 45 days, some pay in 15 days.

A new owner with sales skills, the ability to read blueprints, and project management skills could take this business to the next level.

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Property Features and Assets:

10,976 sq ft industrial building. The building is in very good shape, good roof, recently sealed parking lot. New energy efficient lighting throughout the building. The HVAC rooftop units are serviced regularly. It sits on 1.03 acres with reasonable property taxes. It has one large drive in overhead door. The clear height is about 12 feet. The facility can handle 3 times the business. Assets = $915,382.

Market Competition and Expansion:

Other countertop wholesalers (granite, manufactured, laminate) and some cabinet makers. The owner has been in cruise control for over 5 years now. The owner does not seek out new builders, remodelers, and commercial contractors. With an aggressive sales and marketing program, a new owner could double sales in a year.

Reason for Selling:

Retirement and other business interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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