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Business for Sale Summary

High End - Stone Fabrication & Property for Sale i - 31947

Business Type: bldg materials/hardware/garden,construction building,construction heavy,misc. construction/non-classifiable,agricultural supplies,misc. agriculture,business with property available,seller financing available,mining,construction special trades
High End - Stone Fabrication & Property for Sale i
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Financial Information (non-confidential)

General Information
Asking Price $625,000 Down Payment $375,000
Gross Revenues $890,000 Lease Remaining Register Free to View
Owner’s Cash Flow $280,000 Number of FT Employees Register Free to View

Financing

$375,000 Down and $250K over 3 yrs. @ 6%

Business Description

High End - Stone Fabrication and Installation & Property Option. *PRICE REDUCED* This business has been established for over 33 years. They specialize in the fabrication of high end and high margin stone (eg. quartz and marble) for the east end of Long Island. They primarily work with interior designers, builders and contractors. Most of their work is custom. The business occupies a spacious 6,700 sq. ft. facility that is fully equipped with all fabrication equipment on site. They have 2 garage bays with 2 offices and over 2,000 sq. ft. of interior storage for sensitive stone slabs. In addition, there is approx. 1/2 acre of outdoor yard space with additional stone slabs. The current rent for the entire facility is only $6,700/mth (Incl. all taxes and CAM). In addition, there is an option to buy the property for approx. $1.3 mil. This is a prime location with easy access to all major roadways in and out of the Hamptons and points to the West. There is enough space to add a full mason yard or additional services such as kitchen and bath cabinetry. In the past year the business grossed approx. $700,000.00 with a net cash flow of approx. $280,000.00. There are 5 F/T employees. That includes 2 F/T owners. There are also additional sales. The sale price includes all furniture, fixtures, equipment. We are seeking a serious and financially qualified buyer with at least $375K in liquid funds to cover the asking price, plus an additional $200K for inventory (negotiable). ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.