Our company is a manufacturing company that designs, fabricates and installs high quality custom engineered marble and granite products. They have served residential and commercial contractors and homeowners throughout Colorado’s Front Range communities for decades. Products include full custom shower bases, bathtubs, wall surrounds, vanity tops and window sills. Superior quality materials and workmanship coupled with competitive pricing offers both commercial and residential customers an affordable alternative to expensive natural rock products. Revenue has been growing at 10-15% per year for the last five years. The manufacturing facility has the capacity to triple current volume with no additional capital investment.
Facilities
The business’s manufacturing facility and retail showroom are available to buy or lease. The 8,327 square feet facility was built in 1983 and resides in an M-1 zoned light industrial area. The facility has been well maintained. Recent upgrades include a new $25,000 main compressor, gutter replacement, roof repairs, and miscellaneous electrical, plumbing and fire protections upgrades.
Financials
2020 Revenue: $1,500,000
2020 EBITDA: $400,000
Asking Price: $750,000
Included in the Asking Price: Equipment assets valued at $350,000, Inventory valued at $25,000
Market Outlook
Competition: There is only one other engineered stone shop in region. The competitor’s shop is smaller and lacks the brand name recognition or reputation that our business has built over the years. Outside of the engineered stone business, there are a number of shower/tub installation outfits that compete at a significantly higher price point.
Growth and Expansion: Colorado has benefited from 80,000 new residents per year over the last decade. Housing starts will continue to boom in this beautiful state, and there is a wide opportunity available for this business by actively targeting more commercial construction and renovation. To date all commercial business has been acquired through passive means via return customers. The manufacturing facility could do triple the 2020 volume without any additional CAPEX.
About the Sale
The owner plans to relocate and is willing to support the buyer through the business transition for 30 days free.
Send Me More Information about this Business
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or profitable business opportunities, please contact:
Crestone Business Group
Steve Coast, Owner
Direct Phone: (719) 799-6488 | steve@crestonebusinessgroup.com | www.crestonebusinessgroup.com
