Status: In Escrow
Posting ID: 275237
This is a recognized natural stone fabricator, and installer of custom granite, quartz, and marble slab countertop, fireplaces, tables, and tile. In business since 2004, they currently operate from two locations. The north county location is a new significant growth potential with national accounts. The design team has years of combined experience with home design, home improvement, and color selection. Quality natural stone countertops are offered, including classic granite, unusual and exotic granite, marble, quartzite, soapstone, and honed granite.
The company fabricates custom granite kitchen countertops, marble and granite bathroom vanities, granite and marble fireplace surrounds and mantles, basement bar counters, outdoor bar tops, outdoor granite kitchen countertops, and granite table tops. The tile division specializes in commercial and residential projects that install tile in bathrooms, floors, kitchens, and outdoor applications.
In business since 2004, they currently operate from two locations. The north county location is new. The company was incorporated about 2018. There is a licensed GM operating the North County location and the company has sales, operations, project management, collections, field installation, shop, and office management in place with a tenure of 16 years and generally low turnover.
Affordable leases at $2,648 for 2200 sqft and $2250 for 2100 sqft have 1.5-2 years remaining with renewal options. About $200k of FFE will transfer including 2 forklifts, 2 Edgemarc bridge saws. 2022 Gross over $1.2M SDE over $300k Asking $489,000. No inventory was carried. Company sources from 8-10 suppliers for materials and 2-3 suppliers of tools and consumables. A typical project is 2 weeks. About $160k of FFE will transfer including 2 forklifts, 2 Edgemarc bridge saws, hand tools and fabrication equipment, tables, and racks.
Clients include contractors, apartment building engineers, and remodeling homeowners. Revenue is split about 50/50 between slab fabrication and Tile work and 70/30 contractors vs. public. Most business is repeat and referral-based sources. Significant growth potential with national accounts (Home Depot, Lowes, Restoration) other contractors, and builders of tract homes. There is seemingly endless work available.
The seller is open to supporting the transition on a negotiated basis and could be available long-term in an advisory capacity. 2021 and 2022 SDE are down YOY due to the new location that is in the start-up phase. GC B or C54 is required. This business is most suitable for someone relocating to San Diego with industry experience looking to expand or diversify. Also, a great opportunity for a complimentary business to add this value to current offerings. The seller will consider a seller note to 20% of the asking price assuming no other financing.
2021 Gross $1,002,801. SDE: $210,496. 2022 Gross over $1,238,407.72. SDE $227,332.04. 2023 trending similar to 2022. Asking $489,000
To get more information about this Natural Stone Fabricator And Installer Company business for sale in San Diego County please phone Linnea Westlake (Intermediary, Broker - BRE License #:02028064) at 925-209-4592 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #275237 on BizBen.com. In addition to phoning Linnea Westlake, make sure you email Linnea Westlake above to get more info about this Natural Stone Fabricator And Installer Company, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01100886. Transworld Business Brokers.
Asking Price: $489,000.00
Cash Flow: $226,995.00
Area: San Diego County
City: None Given
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