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Asking Price$1,650,000
Revenue$2,352,006 EstablishedUndisclosed
Cash Flow$495,000 Employees15 full-time
FF&E$751,450* FranchiseNo
Inventory$200,000 RelocatableNo
Real Estate$650,000 Home-basedNo
* Included in Asking Price
For over 50 years, this highly profitable, established and growing fabricator has been a leader in the regional market it serves.  The business is well positioned for continued growth due to industry reputation, sales and marketing plan, and increased capacity with recent acquisition of a new CNC machining center . The business operates at 85% full automation, with most equipment purchased within the last four years. Highly skilled manufacturing personnel have been cross-trained on all equipment. The business provides a full-range of stone products - granite, marble, quartz - to a broad customer base, sold through experienced sales personnel. The Team is in place to successfully support new owner without need for industry or manufacturing experience.

Required Licenses: None
Competition:The Company is considered on the high end of counter and tile business. As can be seen from the growth of the business in recent years, there do not appear to be any cons. Word of mouth, reputation, social media and advertising, as well as being known for having the most inventory on hand keep the pipeline full. The sales team has a high close ration due to their professionalism and knowledge.
Growth Potential:It is expected that growth in this industry will continue and the Company anticipates growth at or above the national rate by capturing a reasonable amount of market share. INDUSTRY TRENDS: -The U.S. market for kitchen cabinets has been estimated at $9.5 billion....According to the recent Home Kitchen & Bathroom Remodeling study by Freedonia, spending is expected to rise 5.0% annually through 2022, to more than $87 billion. Growth will be spurred by a desire for larger, 'showpiece' kitchens with more cabinets and countertop space, and from older homeowners looking to 'age in place' by adding senior-friendly products, including cabinets with pull-out shelves and racks to access items more easily. - A steady trend for demand is expected. The millennial age group does tend to rent versus buy homes. Most of the closet/cabinet/organizing industry lends to homeowners, but the ongoing home improvement of the baby boomer, coupled by high-growth regions, will provide the steady growth - not significant but steady.
Sale Reason:Owner to retire
Ad #127854
Seller Reference #DAYTOOH001-N552
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Roland Rapp
(937) 866-4611
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