Great opportunity for new owner or expansion-minded contractor. Ninety percent plus of business is commercial. There are three ongoing crews and one field manager. Many jobs are union jobs. All jobs are a result of bids or referrals from relationships with developers or general contractors.
Geographically, the business fulfills jobs from Geneva to Batavia. Included in the sale, which is expected to be a stock sale, will be cash and receivables in excess of liabilities of $100,000 and work-in-process of approximately one million dollars.
Facilities: There is ample space for materials, inventory and equipment. This includes space to work on vans and forklifts plus office space including desks for manager and owner plus a conference room.
Competition: Scant few other tile companies locally that perform quality and size of jobs done by this existing business.
Growth and Expansion: For the past several years, owner has cherry-picked bids. A younger and more vibrant individual could expand geography, bidding process and computer solicitation. The business could easily expand to two to three million with minimal effort. An ideal fit (merger or subsidiary) for existing contractor or related business. Retail sales and marble sales could be highly profitable expansion lines.
Support & Training: Owner is retiring. If needed, owner will assist as long as new owner requires.
Asking Price: $350,000
Cash Flow: $80,000
Gross Revenue: $1,600,000
FF& E: $30,000
Location: Monroe County, New York
Inventory: Included in asking price
Real estate: Leased
Building SF: 5,000
Lease expiration: N/A
Furniture, Fixtures & Equipment: Included in asking price
Reason for Selling: Owner’s age and health