Business Overview:
The business was founded in 2008 by the current owners, but the inspiration for the business began decades earlier. After emigrating from Sicily, one of the owners founded a company that specialized in importing and distributing porcelain tile in the Tampa Bay metropolitan area. This company later transformed into the current business, which started as a small stone fabrication shop and has grown over time to be one of the largest and most reputable fabricators of tile, sinks and slabs in the region.
Although it was founded in 2008, the roots and inspiration for the business trace back more than 3 decades and span 2 generations. In a business where projects often total in the mid 5-figures, reputation and quality are paramount, which is what sets the business apart from its younger, and less reliable competitors.
The Broker of Record for this transaction is is Jon Nesbitt, FL License #3293538
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
The business is run out of two locations, a warehouse in Sarasota that is owned by the current owners and is for sale with the business for $4.2M and a showroom in Tampa.
The company conducts business out of a 24,000 square foot warehouse and design center located on a 2.5 acre property in the gulf coast area. If desired, a new owner could purchase this property from the current owners for $4,200,000, but if not, it can be rented from the current owners at $12,894 per month.
In addition to the warehouse and design studio, the business has a second location in Hillsborough County. This location house a 2,000 square foot showroom and design center located in a 2,000 square foot industrial complex. The current owners will assist the buyer in securing a long-term lease at the facility. The current lease is $2,900 per month, with 1 year left on the lease.
Market Competition and Expansion:
The business could achieve growth by offering services related to tile installation and maintenance, as they currently only offer these services for stone. Different materials could also be offered rather than just natural stone, quartz, and tile, including corian for countertops.
Apart from this, it would also be lucrative to aggressively pursue more commercial projects, as the Tampa Bay area is currently seeing an increase in commercial construction projects that require tile and stone work for the interior and exterior of properties. Florida, and specifically the Greater Tampa Bay area, has continued to see strong population and economic growth.
Reason for Selling:
Changing careers.
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.
Relevant Links: