Description

Most unusual opportunity for this highly profitable “niche business”, successful natural Stone manufacturer located in New York State, consisting of a stone fabrication company with a long history of success in the industry since 1980. The company quarries and provides Premier Flagstone and Bluestone products for Blue Select Pavers, Steps, Steppers, Tumbled pavers and other uses. The sale includes a ten-acre manufacturing site and leased quarries with long term leases which represents decades of remaining available production. The sale also includes a variety of state of the art equipment which represents a substantial asset value to the company. The company has innovative proprietary machinery and techniques and a solid reputation as an environmentally friendly manufacturing company. The business has a 2015 gross yearly income of $3.300,000, a net yearly income of $900,000 and the 2016 gross income is expected to further increase. The sale includes all the necessary production / distribution equipment required for this industry which includes various long term leased quarries. The business has various state, county and federal licenses required for this particular type of manufacturing industry and is additionally approved with various national testing companies. The Company has 40 full time experienced employees; all employees are unaware of the pending sale and expected to remain post closing. Based on the asking price, required down payment and net income this business will supply a substantial and continued return to the owner operator prior to debt service. This manufacturing company has a 2015 yearly gross income of over $3.3m and a yearly net income of $900,000 based with an owner operator and prior to debt service. The business has been valued at $1,950,000, based on a multiple of three times the net yearly income, which also includes the real estate value, quarry leases and the value of the specific business assets. Bank and seller financing is available to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

Posted May 13, 2016

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