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This Marble and Granite Company is for sale due to the age of the owners being very elderly and having an illness. They want to relocate near family in the mainland. Via their showroom and a separate warehouse, they have a large selection of over 500 Slabs consisting of unique and desired product form Italy and Brazil. They have a well-deserved reputation for professional service that embodies the "Aloha Spirit" and which brings lots of new business through referrals from fabricators.

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Key Investment Highlights

 

• Excellent growth potential as current owners were sick most of 2015 and are not marketing the business or open as many hours as necessary to drive sales back to 14’ & 15’ levels.

• They have a large inventory of over 500 slabs from Brazil and Italy valued at approximately $500,000.

• 11+ years in the marketplace and a reputation for a fair price and great selection

• Consistently profitable (although 2015 and 2016 were slightly down due to illness)

• Seller’s Discretionary Earnings (“SDE”) in 2015 was $174,459    

• Excellent growth potential as current owners were sick most of 2015 and are not marketing the business or open as many hours as necessary to drive sales back to 14’ & 15’ levels.

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Annual Revenue: $937,000 (2015)

Est Sellers Discretionary Earnings (SDE):  $174,459 (2015)

Asking Price:  $550,000

Down Payment:  $750,000

Seller Financing:  If needed will entertain

Inventory Value:  $500,000

Furniture, Fixtures & Equipment:  $150,000

Lease Details:  Lease to 2024 on both showroom and warehouse locations

Non-Compete:  10 years

Training:  3 months @ 30 hours per month

Reason for Sale:  Owners are elderly and want to retire

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