General Business Information
Listing ID:
4110-00429
Listing Type:
Exclusive Right of Sale
Price:
$4,950,000
Down Payment:
$525,000
Category:
Construction
Subcategory:
Contractor Counters
County:
Lake
State/Prov:
Florida
Country:
United States
Sales:
$3,677,816
SDE:
$969,306
Description of Business
Building & Property included in Sale.
With over 25 years in business, this countertop installation company offers a unique opportunity for a buyer to build upon the legacy that the current owners have established.
The business provides countertop fabrication and installation services across the Central Florida area and serves both the residential and commercial markets. Strategically located on a major road close to a number of growing areas, the business has a team of well-trained, reliable, W-2 employees that contribute to the excellent reputation that the owners have built over the past three decades.
The current owners are looking to retire but are happy to stay for an extended period of time if
required to fully train a new owner and so industry experience is not necessary as someone with general business experience and the energy and determination to grow the business would be a good fit.
There are several opportunities for growth, by way of offering additional services such as wet walls or plumbing, or by expanding upon the minimal advertising that the company currently does. The fully equipped facility is set up to handle significant expansion in the volume of work without requiring any additional space, offering a new owner the chance to build upon the current success of the business and take it to the next level of growth.
The business has great books and records, established relationships with suppliers, and a proven track record of success. No special licensing is needed to operate the company. The sale includes the business itself, along with the property and building.
Listing Details
Location:
Central Florida
Organization Type:
Incorporated
Hours of Operation:
Monday-Friday 9 am - 5 pm
Years Established:
26
Years Owned:
26
Employees FT:
10
Employees PT:
0
Managers:
0
Amount of Hours Owner Works:
40
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
Yes
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2023
$3,677,816
$1,727,059
$1,948,266
$1,586,557
$361,709
$341,670
$17,208
$4,095
$78,814
$165,810
$969,306
2022
$3,387,544
$2,163,795
$1,194,271
$1,089,201
$105,070
$314,190
$23,362
$10,723
$124,448
$157,627
$735,420
2021
$2,614,157
$1,517,279
$1,096,878
$869,282
$227,596
$239,950
$26,491
$12,779
$73,318
$120,981
$701,115
Assets Included in Sale
Real Estate:
$2,650,000 Included
FF+E:
$150,000 Included
Inventory:
$3,000 Included
Total Assets Included:
$2,803,000
Lease Information
Square Footage:
17,600
Building Type:
Warehouse/Office
Summary
Reason for Sale:
Retirement after 25+ Years
Training and Support:
The seller(s) agree to work in the Business at no compensation for a period of 30 days, in order to familiarize the Buyer with the Business.
Non Compete:
100 miles for 3 years
Owner Qualifications:
Business Experience. No special licenses required.
Financing Summary:
SBA LENDER PRE-QUALIFIED Buyer Down Payment: $ 525,000* Working Capital of $100,000 payable to borrower at loan closing. ⭐︎Loan Term: 25 Years Fully Amortized ⭐︎Rate: P+2.00 % (10.50% present rate) ⭐︎Monthly Loan Payment: $44,757 Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00429
Listing Type: Exclusive Right of Sale
Price: $4,950,000
Down Payment: $525,000
Category: Construction
Subcategory: Contractor Counters
County: Lake
State/Prov: Florida
Country: United States
Sales: $3,677,816
SDE: $969,306
Description of Business
Building & Property included in Sale.
With over 25 years in business, this countertop installation company offers a unique opportunity for a buyer to build upon the legacy that the current owners have established.
The business provides countertop fabrication and installation services across the Central Florida area and serves both the residential and commercial markets. Strategically located on a major road close to a number of growing areas, the business has a team of well-trained, reliable, W-2 employees that contribute to the excellent reputation that the owners have built over the past three decades.
The current owners are looking to retire but are happy to stay for an extended period of time if
required to fully train a new owner and so industry experience is not necessary as someone with general business experience and the energy and determination to grow the business would be a good fit.
There are several opportunities for growth, by way of offering additional services such as wet walls or plumbing, or by expanding upon the minimal advertising that the company currently does. The fully equipped facility is set up to handle significant expansion in the volume of work without requiring any additional space, offering a new owner the chance to build upon the current success of the business and take it to the next level of growth.
The business has great books and records, established relationships with suppliers, and a proven track record of success. No special licensing is needed to operate the company. The sale includes the business itself, along with the property and building.
Listing Details
Location: Central Florida
Organization Type: Incorporated
Hours of Operation: Monday-Friday 9 am - 5 pm
Years Established: 26
Years Owned: 26
Employees FT: 10
Employees PT: 0
Managers: 0
Amount of Hours Owner Works: 40
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $3,677,816
– Costs of Goods Sold: $1,727,059
= Gross Profit: $1,948,266
– Total Expenses: $1,586,557
= Net Before Taxes: $361,709
ADD BACKS
+ Owner(s) Salary: $341,670
+ Benefits: $17,208
+ Interest Expense: $4,095
+ Depreciation: $78,814
+ Other : $165,810
TOTAL OWNER BENEFIT: $969,306
INCOME PERIOD, Year: 2022
GROSS SALES: $3,387,544
– Costs of Goods Sold: $2,163,795
= Gross Profit: $1,194,271
– Total Expenses: $1,089,201
= Net Before Taxes: $105,070
ADD BACKS
+ Owner(s) Salary: $314,190
+ Benefits: $23,362
+ Interest Expense: $10,723
+ Depreciation: $124,448
+ Other : $157,627
TOTAL OWNER BENEFIT: $735,420
INCOME PERIOD, Year: 2021
GROSS SALES: $2,614,157
– Costs of Goods Sold: $1,517,279
= Gross Profit: $1,096,878
– Total Expenses: $869,282
= Net Before Taxes: $227,596
ADD BACKS
+ Owner(s) Salary: $239,950
+ Benefits: $26,491
+ Interest Expense: $12,779
+ Depreciation: $73,318
+ Other : $120,981
TOTAL OWNER BENEFIT: $701,115
Assets Included in Sale
Inventory: $3,000 Included
FF+E: $150,000 Included
Real Estate: $2,650,000 Included
Total Assets Included: $2,803,000
Lease Information
Square Footage: 17,600
Building Type: Warehouse/Office
Summary
Reason for Sale: Retirement after 25+ Years
Training and Support: The seller(s) agree to work in the Business at no compensation for a period of 30 days, in order to familiarize the Buyer with the Business.
Non Compete: 100 miles for 3 years
Owner Qualifications: Business Experience. No special licenses required.
Financing Summary: SBA LENDER PRE-QUALIFIED Buyer Down Payment: $ 525,000* Working Capital of $100,000 payable to borrower at loan closing. ⭐︎Loan Term: 25 Years Fully Amortized ⭐︎Rate: P+2.00 % (10.50% present rate) ⭐︎Monthly Loan Payment: $44,757 Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
LISTING BROKER