High End-Stone Fabrication in Suffolk County-31947

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$575,000 $890,000

Services: Construction, Contractors

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RE: High End-Stone Fabrication in Suffolk County-31947 Broker: Melvin L. Vaz
Owner Financing is Available!
$375,000.00 Down & $200,000 over 3 years @ 6%

Quick Facts

Asking Price: $575,000
Annual Revenue: $890,000
Net Profit: Not Disclosed
Cash Flow: $280,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: 5
BBN Listing #: 57424447
Broker Reference #: 31947

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Business Overview:

High End - Stone Fabrication and Installation & Property Option. *PRICE REDUCED* This business has been established for over 33 years. They specialize in the fabrication of high end and high margin stone (eg. quartz and marble) for the east end of Long Island. They primarily work with interior designers, builders and contractors. Most of their work is custom. The business occupies a spacious 6,700 square feet facility that is fully equipped with all fabrication equipment on site. They have 2 garage bays with 2 offices and over 2,000 square feet of interior storage for sensitive stone slabs. In addition, there is approximately 1/2 acre of outdoor yard space with additional stone slabs. The current rent for the entire facility is only $6,700/month (Including all taxes and CAM). In addition, there is an option to buy the property for approximately $1.3 mil. This is a prime location with easy access to all major roadways in and out of the Hamptons and points to the West. There is enough space to add a full mason yard or additional services such as kitchen and bath cabinetry. In the past year the business grossed approximately $700,000.00 with a net cash flow of approximately $280,000.00. There are 5 Full Time employees. That includes 2 Full Time owners. There are also additional sales. The sale price includes all furniture, fixtures, equipment. We are seeking a serious and financially qualified buyer with at least $375,000 in liquid funds to cover the asking price, plus an additional $150,000 for inventory (negotiable). ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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Reason for Selling:

Partnership split.

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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