Countertop Fabrication & Installation with $1.5M Assets (37614)

Financial & Assets Details

About the Business

Business Description

This family-owned special trade contracting business specializes in the installation of countertop and other solid surfaces primarily for commercial, industrial, and medical applications, 20% of sales are for residential applications. The ultra-compact materials include granite, quartz, laminate, marble, wood block and stainless steel. With a service area covering the Greater Tampa Area, the leased facility is 17,800 square-foot and includes approximately 11,000 sq. ft. of warehouse/production areas, as well as showroom and office space of 1,000 sq. ft. each. Seller believes that its available tenancy, proven track record of 24 years and strong reputation of being one of the most automated self-fabrication shops in Florida represent several growth opportunities for a strategic buyer. Advertising efforts focus on targeting their local market of repeat customers throughout the coastal state, which consists of 80% commercial and 20% residential clients. Currently projecting $600,000 in gross revenues for 2019, company’s state of the art machinery and vehicles are capable of handling additional work, with key employees agreeing to handle operations and stay under new management after seller’s smooth transition of six months with reduced hours. While 2018 total revenue was $515,384, 2019 is projecting $600,000 with a rounded Seller’s Discretionary Earnings of $66,000, due to new account for fabrication, based on an independent evaluation!

Seller Financing

Financing can be negotiable for the appropriate buyer.

Support & Training

Owner Transition period of 6 months with reduced hours.

Reason for Selling:

Approaching retirement and/or perusing other interests.