Full Service Countertop Business - Ohio
Business Description: This business has been providing quality countertop products and services for nearly 30 years. It is a technically advanced countertop manufacturing and custom surface fabricator servicing residential, commercial and wholesale customers. This business has a well-known name in its industry and carries a superb reputation and customer base/following. It offers an array of products, including, custom surfaces for kitchens, vanity tops, shower pans, shower walls, back-splashes, custom bowls, fireplace surrounds, windowsills, and custom furniture. Such are manufactured from solid surface, quartz, porcelain and natural stones. Its team consists of highly experienced stone fabricators, designers, programmers, installers and management. It operates from a well-maintained building consisting of a fabrication shop, warehousing and showroom space.
Gross Revenues exceeded $3.5M in 2019. Despite COVID-19, Gross Revenues in 2020 were just under $3M. Gross Revenues exceeded 3.4M in 2021.
Seller Discretionary Earnings (SDE) for 2019, 2020 and 2021 exceeds $550K per year.
Why a Tremendous Opportunity – Major Attributes:
v Consistent $3M+ annual sales
v Tremendous ADJUSTED EBITDA / SDE
v Established Customer Base / Vendor Support and Pricing
v Turn-Key Team in Place
v A+ BBB Rating, Great Reputation and Google Reviews
v Owner will transition and consult
Reason for Selling: Retirement
Business: $1,900,000 plus Inventory (anticipated at $350,000)
Real Estate: $850,000 or NNN Lease w/ Option to Purchase