Manufacturing for Customized Cast Stone Exteriors

Chicago, IL


Asking Price: Annual Revenue:
$2,900,000 $2,129,608

Manufacturing: Wood, Stone, Concrete


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RE: Manufacturing for Customized Cast Stone Exteriors Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $362,500 12.5% Seller Financing or Equity $362,500 75% Bank Loan $2,175,000

Quick Facts

Asking Price: $2,900,000
Annual Revenue: $2,129,608
Net Profit: Not Disclosed
Cash Flow: $679,456
Total Debt: Not Disclosed
FF&E: $2,010,615
Real Estate: Not Disclosed
Year Established: 2010
Employees: 19
BBN Listing #: 799734398
Broker Reference #: MFG012-B

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Business Overview:

This Chicago based business manufactures customized cast stones for exterior structures. They primarily produce these products for general contractors and mason contractors as they do not self-perform any labor or handle any installation. The purchase of this business includes over $2 million worth of assets to allow the team to continue operating as they have been. Their work is mainly focused on municipal contractors as this makes up 75% of their orders with commercial making up 20% and exterior residential work making up 5%. This is an architecturally based business that fully handles external work with their custom products being created to restore unique or older stone structures by creating a mold and color matching the original stones, which may no longer be available. Their services are also utilized by museums and multi-family housing units for more eye-catching stones than the average “cookie cutter” manufacturers can create. 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 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 service the Chicagoland area, more specifically, 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 invest in more equipment or warehouse space.

Priced at $2,900,000 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:

Assets Included in Purchase: $2,010,615 Vehicles & Equipment: $1,800,000 Working Capital=$146,615 =A/R: $384,868–A/P: $238,253 Improvements: $64,000 *amounts may vary, assets may be depreciated, replacement cost, or fair market value

Market Competition and Expansion:

Growth Opportunities: 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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