Stone & Granite Wholesale Distributor with Property! (37908)

Seller Financing Available

Recognized for dependable performance in the state of Connecticut, the company offers a wide range of quality products like thin veneers, steps, treads, and full bed stones, as well as specialty sawing and stone-splitting services to its 5 surrounding states. The impressive workplace is an industrial facility measuring 8,000 square feet, featuring a large production floor and storage yard with ample space for inventory and equipment. The business is centrally located in a high-traffic area and the property is included in the listing price; the monthly tenancy of $2,800 per month adds to the profit margins. Benefiting as a debt-free company with a command of the market, Targeted Sales are projected at $1.4 Million for 2023 with SDE around $400k. Revenues reached $1,055,137 in 2022 alongside Discretionary Earnings of $293,150 and EBITDAs of $215,226. Direct payments from clients are typically received within one week. With organic growth, daily operations have streamlining capabilities as an experienced team of three nonunion employees are most likely to remain post-purchase after a smooth owner’s transition of twelve months. The diverse portfolio and array of products brings an established loyalty from its local community, backed by high ratings and a strong East Coast reputation. A simple website can be improved and SEO’d and light social media use could be increased. Their lack of ongoing advertising programs allows potential for growth using a more aggressive internet presence and continued referrals from their large, repeating client base. With high-end brands, this is a great business, call IAG M&A Advisors today!