Fabrication of Precast Stone for Masonries

Chicago, IL
Cook County

Chicago, IL with service area throughout Chicagola


Asking Price: Annual Revenue:
$2,250,000 $2,946,591

Manufacturing: Wood, Stone, Concrete


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RE: Fabrication of Precast Stone for Masonries Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $281,250 12.5% Seller Financing $281,250 75% Bank Loan $1,687,500

Quick Facts

Asking Price: $2,250,000
Annual Revenue: $2,946,591
Net Profit: Not Disclosed
Cash Flow: $679,456
Total Debt: Not Disclosed
FF&E: $1,400,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 21
BBN Listing #: 164334398
Broker Reference #: MFG012-E

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Business Overview:

This business handles the fabrication of precast stone for masonries and 75% of their work is done for municipal contracts. Due to this extremely stable client base, there will not be any impact on this business should there be a recession. In fact, due to the newly passed US Infrastructure Bill, this business can expect organic growth opportunities in the upcoming year. To add to the stability of this business, they currently have a 90% repeat client base made up of B2B work with the masons being the direct client, not the end user. The services offered include creating a mold and color matching stones for historical buildings that need stones which are no longer available or for eye-catching statement pieces in new locations. Clients that take advantage of these fully customizable stones primarily include museums, commercial locations, and high-end multi-family housing units. This operation only handles the manufacturing and fabrication of the cast stone, the do not handle any installation of the products in exterior walls.

This Chicago based establishment offers a niche service and, because of this, their nearest competition is 30 miles away. This organization has nearly 20 employees with experts in management including a production manager, plant manager, supply manager; along with 1 drafter, 1 sales rep, 2 mold shop and 12 plant production workers. This team allows the current owner to only work 20-25 hours handling bookkeeping and some deliveries out of personal preference. The seller has offered a training period of 1-2 years to ensure a smooth transition of ownership as well as to finance 12.5% of the purchase price as a show of good faith.

Priced at $2,250,000 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 that’s been established since 2010, and large warehouse with a significant amount of unused space, this niche business is primed to offer a new and excited owner exponential growth opportunity with minimal additional investments needed.

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Property Features and Assets:

Lease: 17,000 square feet manufacturing plant.

Reason for Selling:

Retirement

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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