Profile: Quality Granite, Marble And Limestone, Mfg To Customer Spec.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Eric Ng, Agent
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| Primary Phone: |
510-882-1868 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
01853329 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/23/09 |
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| Date Last Revised: |
9/23/09 |
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| BizBen Ad #: |
143100 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,600,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$1,423,538 |
| Annual Adjusted Net: |
$426,181 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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This Company Buys Slabs Of High-Quality Granite, Marble And Lime Stone, Cuts It Into Different Sizes And Shapes According To Customer Specifications. Customers Include Both Contractors/Resellers And End-Users. The Company Also Handles The Design And Installation In Some Of The Projects. With 20 Years Of History, This Business Is Well-Established With Many Repeat Customers. Approximately Half Of The Customers Are End-Users. The Owners Have Invested Heavily In Keeping All Their Cutting And Finishing Equipment Up-To-Date Including A Precision Computer Assisted Design (Cad) System That Gives Them A Major Competitive Advantage In Completing High-End, High Margin Projects. The Equipment Totals More Than 1.5M At Cost! The Business Is Extremely Lucrative - Net Cash Flow Is About 30% Of Sales! This Superior Performance Is Partly Due To A Tight Cost Control System And To Highly Developed Manufacturing Processes That Minimize Waste. The Company Has Developed Excellent Sourcing Relationships With Italian And Other Providers Of High Quality Stone At Relatively Low Cost. The Company Purchased Some Large Quantities Of Stone To Get High Volume Price Discounts And Thus Has Significant Surplus Inventory. A Buyer Who Buys The Business Has The Option Of Purchasing This Extra Inventory And Getting It At The High Volume Discounted Price Of 3.2M, Giving A New Owner A Major Competitive Advantage On Cost Of Materials. Inventory Financing Term Can Be Very Favorable To The Buyer. Buyer Also Has An Option To Buy The Real Estate Which Is Offered At 4.7M. The Upper Floor Was Converted Into High-End Offices Which Are Leased To Other Businesses. This Is Nice, Well-Located Piece Of Industrial Property. Consider That What Is Being Offered With This Business Is More Than 1M In Quality Equipment, Approximately 300,000 In Quality Inventory And, Based On Historical Performance, An Average Of More Than 400,000 In Annual, Positive Net Cash Flow, All For Only 1.6M.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Eric Ng, Agent at 510-882-1868 |
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