Quality Natural Stone fabrication and installation.

Listing Number: 2401-341615

Description

Company is a recognized natural stone fabricator, and installer of custom granite, Quartz and marble slab countertop, fireplaces, tables and tile. Design team has years of combined experience with home design, home improvement, and color selection. Quality natural stone countertops including classic granite, unusual and exotic granites, marble, quartzite, soapstone, and honed granite are offered. 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, granite table tops. The tile division specializes in commercial and residential projects 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 incorporated about 2018.
Reasonable leases at $2648 on 2200 sqft and $2250 for 2100 sqft respectively have 1.5-2 years remaining with renewal options. There are 16 W2 employees and 6 sub-contractors.
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 tenure to 16 years and generally low turnover.
Clients include contractors, apartment building engineers and remodeling home-owners. 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.
No inventory carried. Company sources from 8-10 suppliers for materials and 2-3 suppliers of tools and consumables. Typical project is 2 weeks.
About $200k of FFE will transfer including 2 fork lifts, 2 Edgemarc bridge saws, Park fastback 2 edge polisher, hand tools and fabrication equipment, tables and racks.
Seller is open to support transition on a negotiated basis and could be available longer term in an advisory capacity. 2021 and 2022 SDE down YOY due to new location that is in start-up phase. GC B or C54 required. Business most suitable for someone relocating into 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.
Seller will consider a seller note to 30% of asking price assuming no other financing.
2022 Gross $1,238,408. SDE: $226,995. Asking $489,000

Listing Details

• Price: $ 489,000
• Down Payment: $391,200
• Sellers Discretionary Earnings: $ 226,995
• Total Sales: $ 1,229,140
• Location: San Diego County, California


• Inventory: $ 0
• FF&E: $ 200,000
• Employees: 16
• Year Established: 2004
• Reason for Selling: Retiring from industry
• Category: Construction