Price includes 51,000-sq.ft. of facility! Total Revenues for 2022 reached $1,458,038 next to Discretionary Earnings of $64,685! Nested in Kentucky, business manufactures cast polymer and sells a full range of engineered composite countertops, windowsills, shower panels and fixtures for bathrooms, kitchen, and tubs. Able to operate owner-absentee with patented resources and supplier relations, majority of work is residential, but can also specialize in nursing homes, senior habitations, and other establishments. Property is an owned warehouse-based location of more than 51,000 square feet situated over 3.5 acres of land, it features a showroom, surrounding parking area and lots of space for expansion. Found in prime condition with zoning for commercial use, there is preference to sell the real estate and business together, however triennially renewed terms of tenancy can be negotiable. With no competition inside a 150-mile radius doing the custom work they do, and on a ‘just in-time’ basis, company enjoys ideal flexibilities for new strategic plans, such as broadening their product line and more. Equipment is in good shape and inventory kept at a minimum, with clean financials, minimal seller expenses, and growth opportunities in the industry promising to take business to the next level. Reliable team of fifteen nonunion employees with a strong management team in place is most likely to remain post-sale and continue its streamlined functions after a smooth transitioning, with owner staying on as needed. Besides maintaining their website, through an excellent reputation, top reviews, and a large returning client base, efforts focus on backing the influx of referrals with quality materials, experience, and superior services. While YTD Financials through June of ‘23 show $869,296 in Sales with an impressive 37% Net Profit margin and SDE’s of $328,238, ongoing commands over markets are reflected with projected gross sales up to $1.5 Million for 2023!
- Freehold Price:
- $1,799,000 Furniture / Fixtures and Inventory / Stock included
- Lease Asking Price:
- $599,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,458,038
- Cash Flow:
- $64,685
Property Information
- Real Estate:
-
Available as lease or with real property included
- Location:
-
Property valued at $1,200,000 comes included within Asking Price!
- Premises Details:
-
Business can be run Owner Absentee!
- Size in square feet:
- 51,000+/- over 3.5 acres.
Business Operation
- Reasons for selling:
-
Approaching retirement and/or pursuing other interests.
- Trading hours:
-
Daily 8AM - 5PM.
- Employees:
- 15 nonunion.
- Years established:
- 1972
Other Information
- Support & training:
-
Streamlined functions after acclimation on an as-needed basis.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Negotiable up to 20% for the right buyer.
- Furniture / Fixtures value:
- $1,017,268 - included in the asking price
- Inventory / Stock value:
- $65,276 - included in the asking price
- Lease asking price:
- $599,000 - Furniture / Fixtures and Inventory / Stock included