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Wholesale Stone & Masonry Supplier
TexasListing DetailsOffice ID: STONE1
Status: Sold
Listing Broker: Michael Fekkes, CBI, CEPA
Listing Price: $2,141,000
Cash Flow: $713,573
Inventory: $300,000
Inventory Included: No
FF&E: $80,000
FF&E Included: No
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:
$2,440,000 - Purchase Price
Reason for Sale:
Owner is pursuing new venture outside of area.
Training:
Seller(s) will provide four weeks of transition assistance to the buyer which should be more than ad
OperationsYear Established: 1992
Last Acquired: 2008
Form of Ownership: S Corp
Business Hours: Monday - Saturday (partial hours on Sunday during the spring)
Summary
Business Description:
Premier wholesale and retail supplier of landscape materials including natural and decorative stone products, mulch, sod, aggregates, sand and soil. Products are largely supplied to landscape, pool, masonary and builder contractors (90%) with the remainder to the end-user consumer market. The majority of products (85-90%) are picked up by clients with the remainder being delivered via company vehicles.
Historical Summary:
The business was started in 1992 and has grown over the last twenty years. Current owners acquired the business in August 2008 and have made a number of enhancements to the business and its model including increasing the breadth and depth of products offered, putting in place an excellent team of employees who are extremely knowledgeable and customer service focused, improving the logistics and business operations enabling increased margins, and the extension of payment terms to customers. These improvements have had a significant impact on the success and profitability of the business.
Owner Qualifications:
A new owner with strong organizational skills, an aptitude for logistics, and a passion for delivering superior customer service will do well in this business opportunity.
Competition:
There are a number of competitors in the area that compete on several of the product offerings. The market is very large and continues to expand leaving ample room for this business and its competitors to successfully operate and grow.
Potential Growth:
There are a variety of areas to continue the growth of this business. These will be discussed with qualified buyers.
LocationOption: 2 Options totalling 5 years - 2 percent increase per year
Monthly Rent: $5,500
Square Footage: 1264
Facilities:

The business is located in an excellent, well traveled, and highly visible area


Last Updated: May 22, 2015 / 1:58 PM
Financial Information Current as of: Jun 25, 2012 / 12:00 AM