Concrete countertop, sink and fireplace fabrication

Ferndale, MI

Seller Financing Available

Asking Price:$100,000
Gross Revenue:$140,000
Rent:$1,700/Month
Established Year:2006
Cash Flow:$50,000
Inventory:$3,000
FF&E:$15,000
BUSINESS DESCRIPTION

Concrete Design

The business produces $150k in revenue and has overhead of $2500 per month (does not include the cost of employee labor). As of right now there is one full time employee and one part time employee.

If you are looking to be your own boss, have good carpentry skills, able to lift heavy objects and a desire to promote the business, the revenue could increase to $250k (I’ve done it in the past).

The business includes all the necessary equipment to fabricate and deliver concrete countertops, concrete sinks and concrete fireplace surrounds: casting tables, mixers, grinders, delivery equipment, hand tools, saws and a Hilo. For an extra $5000, a 2009 Chevrolet Silverado 2500 with 8’ bed is available.

The business generates clients via word-of-mouth from architects, designers, past clients, social media and most importantly through the website: www.concretedetroit.com


DETAILED INFORMATION
Location
Ferndale, MI
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
01/01/2025
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facility is a 2500 sq foot shop with a 400 sq foot showroom attached. The business includes all the necessary equipment to fabricate concrete elements: casting tables, mixers, saws, hand tools, grinders, carts, mixers and hilo.
Competition
There is one other business in the metro Detroit area that does this type of work.
Growth & Expansion
There is a lot of potential for growth especially in the concrete fireplace surround market. The cons is the business is a niche market.
Financing
After 50% downpayment, owner can finance the remaining balance over 3 years.
Support & Training
Owner will provide training to new buyer, duration is negotiable.
Reason for Selling
I owned the business for almost 18 years and ready for change.

BUSINESS LOCATION
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Derek Peters
Derek Peters