Leading Manufacturer of Cultured Marble and Granit

Not Disclosed, WA

Asking Price: Annual Revenue:
$350,000 $685,174

Manufacturing: Wood, Stone, Concrete

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RE: Leading Manufacturer of Cultured Marble and Granit Broker: Judy Elrod

Quick Facts

Asking Price: $350,000
Annual Revenue: $685,174
Net Profit: Not Disclosed
Cash Flow: $131,511
Total Debt: Not Disclosed
FF&E: $311,560
Real Estate: Not Disclosed
Year Established: 1984
Employees: 7
BBN Listing #: 74244955
Broker Reference #: 8004-16345

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Business Overview:

Profitable leading custom Manufacturer and Installer of cultured marble and granite products used in Bathroom Remodeling. It is a unique and innovative process that has the look of slab marble, travertine or granite with superior performance at a significantly lower price. Serving the Puget Sound region for over 35 years, it has a long established reputation for professional, affordable, high quality full-service bathroom remodeling. There is strong demand from its Commercial base and Homeowners. Homeowners, Builders and Remodeling Contractors prefer to deal direct with the manufacturer. Because it is the manufacturer, customers are assured of a superior quality product, expert installation and a dependable schedule. Staffed with 7 experienced employees including General Manager. No experience in the field is required. The new owner can be trained. Looking for an Owner/Operator or can be run as an Absentee owner. The cash flow presented is adjusted to reflect an active Owner/Operator.

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Property Features and Assets:

Company's Showroom, Manufacturing and Offices are well located in a 6,000 square foot commercial building. The 1,000 square feet Showroom allows clients to see the full line of cultured stone for a solution that is not only beautiful, but durable and easy-to-maintain. The lease is in process of being extended for a new 5-year term and 5-year option. Assets = $321,822.

Market Competition and Expansion:

In today's market, homeowners are looking for cost-effectiveness and durability in choosing their bathroom surfaces. This is a cost-effective, elegant and easy to maintain alternative to tile or natural stone. 2020 sales were down after the pandemic effects of being shut down for 2 months in Quarter 2 and Home Shows cancelled in 2020. 2021 demand is strong and the Puget Sound economy is back and booming. Growth can be achieved by advertising. This is a weak spot for the current company. There is room for production growth.

Reason for Selling:

Owner moved out of state to attend law school.

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.

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