Summary: 
3rd Generation Business - Manufacturing in over 50,000 sq. ft.
Business Type: 
parts
Business Type: 
manufacturing
Location: 
Nebraska
Price: 
$2,400,000
Sales Revenue: 
$2,444,365
Cash Flow: 
$403,000
Realestate Included: 
No
Inventory: 
$750,000
Employees: 
20
Internal Listing:: 
OBL002
Reason for Sale: 
Exit Strategy

This third generation business which manufactures in over 50,000 square feet specializes in high-quality granite, marble, limestone and onyx. Products offered include kitchen countertops, bathroom countertops, bathroom vanities, travertine and tiles.

When purchasing this business, there are included assets of over $2.4 million in value, including $1.7M in equipment (CNC machines, edge polishers, bridge saws, etc) and $750,000 in material slabs. This company was established in 1918 but still has room to grow. Over Growth opportunities include installing flooring and website search optimization to rank higher.

Operations include receiving imported stone and cutting and fabricating it for the end user. The trained professional staff of 20 full-time employees includes a General Manager. In addition to the staff, the current owner will stay on for two years at no cost to ensure a smooth ownership transition. In 2014 the current owner profited over $400,000 in cash flow after expenses. With a 15% buyer down payment of $360,000 and a matching seller carry, a bank could fully collateralize a loan with the existing business property and inventory.

Financial Overview
List Price: $2,400,000
Gross Sales
2014: $2,444,365
2013: $2,658,895
2012: $2,166,929
Owner Profit/Cash Flow
2014: $403,000
2013: $433,341
2012: $353,426
Profit Margin: 16.5%
Valuation: Cash Flow x Multiple = Price
$403,000 x 5.96 = $2,401,880

Assets Included in Purchase: $2,450,000
Equipment: $1,700,000 including stone CAD system and digitizer, three CNC machines, two edge polishers, water jet and two bridge saws
Inventory: $750,000 (includes over 2,000 slabs of granite, marble, limestone and onyx of the highest grade)
*amounts may vary

Business Information
Year Established: 1918 – 3rd Generation
SIC Code: 1743 - Tile, Marble and Mosaic Work
Location: Omaha, Nebraska
Service Area: Omaha metropolitan area and beyond
Number of Clients: Over 350 annually made up of general contractors, architects and direct to consumer
Facility: 50,000 square feet
Hours: Monday-Friday: 8-5; Saturdays as needed
Employees: 20 Full-Time Employees (including GM)
Growth Opportunities: Install Flooring, website search engine optimization
Transition: Current owner will stay on for two years at no cost to train and transition new owner
Operations: Receive imported stone and cut and fabricate for end-user

Funding Example
Purchase Price: $2,400,000
15% Buyer Down Payment: $360,000
15% Seller Financing: $360,000
70% Bank Loan: $1,680,000

Due to the high amount of assets and inventory included in this purchase, the Bank Loan can be financed by using the existing business property as collateral for the business loan.

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

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