ESTABLISHED TILE AND STONE FABRICATOR / DISTRIBUTER WITH BEAUTIFUL NEWLY RENOVATED NYC SHOWROOM AND VERY IMPRESSIVE CLIENT LIST
(TILE AND STONE, FABRICATORS / DISTRIBUTERS)
NEW YORK, NEW YORK
Listed Price: $ 2,200,000
Listing ID: XC3330914
Listing DetailsGross Revenue: $ 4,792,000
Cash Flow: $ 615,628
FFE: $ 125,000 (Included in Price)
Inventory: $ 175,000
Form of Ownership: S Corp
Terms and Conditions: NEGOTIABLE
Reason for Sale:
RETIREMENT
Training & Support:
COMPLETE TRAINING AND SUPPORT INCLUDED
Listing SummaryBusiness Description:
AN ESTABLISHED TILE AND STONE BUSINESS WITH GREAT OPPORTUNITIES FOR GROWTH.
Excellent reputation with both its recurring and newly acquired customer base for the offering of products and the ability to service the clients through specifications of materials, design concepts, custom fabrication of stone, and installation.
Products & Services Include:
· Leading tile and stone products from top-line brands including Dal Tile, Emil America, American Olean, Glazzio, Hirsch Glass, Marazzi & many other leading brands
· Natural stone products including marble, quartzite, onyx, granite, limestone, travertine, etc. coming from a global vendor base.
· Quartz products from all the leading brands including Caesarstone, Silestone, Cambria, One Quartz, Pental Quartz, etc.
· Custom countertops, vanity tops, fireplaces and all other custom applications of stone.
· Materials required in the installation of tile and stone from leading brands such as Laticrete International
· Installation of tile and stone.
High margin retail revenue is generated through showroom traffic in a beautifully constructed 3,000 square foot showroom located in the heart of tile row in Manhattan and open to the public. This company has and maintains long standing relationships with the top general contractors, designers and architects.
Commercial revenue generated through accounts with several property management companies and building developers that own or manage portfolios of apartment units throughout the boroughs. This revenue stream provides the company with recurring revenue and significant monthly cash flow. The sales consist of product only, combination of products and countertop installations, and full service supply and install.
Project revenue generated through solicited bids from the top general contractors and building developers. Proposals are requested by established customer base, from general contractors bidding on projects where company is an approved vendor, and from business development opportunities. Projects consist of supply only, supply and install, or install only contracts. Company infrastructure can handle multiple large projects throughout the year resulting in healthy margins and steady workflow.
Historical Summary:
Business established 28 years ago.
Proven track record for providing best selection of tiles and stone to clientele of developers, architects, designers, general contractors and individual homeowners.
Competitive advantage includes the ability to provide full service of both supply, fabrication and installation to our clients.
Owner Qualifications:
Business experience and Some prior construction experience necessary
Competition:
limited
Potential Growth:
UNLIMITED
Financing/Terms:
NEGOTIABLE
LocationOption: YES
Lease Security: 60000
Monthly Rent: $ 23,500
Type of Location: Commercial
Facilities:
A SPECTACULAR NEW SHOWROOM IN MANHATTAN / AND A FABRICATION FACILITY- OFFICE IN QUEENS
Fabrication Facility 7000 Square feet --Showroom 3000 Square feet
Ability to service clients on projects of all sizes, from ground up development of multi-residential units to small home renovations. In-house fabrication capabilities can be found at this company’s 7,000 square foot manufacturing and warehouse facility giving the company control over the supply and installation of its projects. The facility located in Queens is easily accessible to all major highways. At the facility, the operations team ensures the quality of custom fabrication production and their logistics team schedules all product deliveries and installations. The company’s skilled and experienced staff is essential to providing the quality and service their customers expect.
Management ensures optimal usage of raw materials and inventories excess waste for utilization in future projects.
OperationYear Established: 1988
Days & Hours of Operation: M-F 9AM-6PM SAT-11AM-4PM
Owner Hours: 40
Employees: 12
Managers: 5
Absentee Owner: No