Artisan Home-Based Concrete Manufacturer
| Asking Price: | $337,500 |
| Gross Revenue: | $240,000 |
| FF&E: | $25,000 |
| Cash Flow: | $105,000 |
| Inventory: | $12,500 |
| Established Year: | 2020 |
Small Batch Production - 3,000+ Loyal Customer Base!
The business was founded in 2020, is a home-based pottery manufacturing and retail business currently selling unique pottery that doubles as art sculptures. This is an ideal acquisition for an artist, crafter, and/or salesperson who wants to run a home business out of a barn or garage in the Denver metro area. Please note that this business is not limited to selling pottery. Concrete is an extremely versatile material and can be used to create sinks, countertops, tables, or any piece of furniture desired as long as you have a mold. There is a lot of creative opportunity for expansion with this business.
These products sold can be sold online, at local markets, or wholesale, depending upon the size and production capacity of the operation’s set-up. The market for these types of inexpensive handmade craft items is growing. If the new owner chooses to participate in in-person art markets, the current owner has a well-developed system for hiring contractors to work those markets, so the owner doesn’t have to.
This business is run out of the home of the owner, and could be for a new owner as well. That means that a new owner could live anywhere in the Denver metro area with this business. The current owner is willing to train a new owner and will then sign a non-compete. The current owner will be starting another unrelated business.
It is also important to note that the owner’s seller financing will require the personal guaranty of the buyer, the 1st security position not subordinated to a bank loan, and that the asking price of $337,500 does include the inventory of valued at an estimated value of $12,500.
For that reason, a buyer needs about $225,000 in cash to buy this business: $200,000 for the proposed down payment, and a reserve of about $25,000 in working capital. The buyer will then be assuming a seller note of $137,500 at 7% annual interest, with a 10-year term, but with a 3-year balloon payment due so that the buyer may refinance the business at that time.
Contact us, register, sign our NDA and receive our confidential Offering Summary on this opportunity!
