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High End Stone Fabrication In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$575,000
Sales Revenue:
$890,000
Cash Flow:
$280,000

High End Stone Fabrication In Suffolk County-31947

High end - stone fabrication and installation & property option. *price reduced* this business has been established for over 33 years. They specialize in the fabrication of high end and high margin stone (eg. Quartz and marble) for the east end of long island. They primarily work with interior designers, builders and contractors. Most of their work is custom. The business occupies a spacious 6,700 sq. Ft. Facility that is fully equipped with all fabrication equipment on site. They have 2 garage bays with 2 offices and over 2,000 sq. Ft. Of interior storage for sensitive stone slabs. In addition, there is approx. 1/2 acre of outdoor yard space with additional stone slabs. The current rent for the entire facility is only $6,700/mth (incl. All taxes and cam). In addition, there is an option to buy the property for approx. $1.3 mil. This is a prime location with easy access to all major roadways in and out of the hamptons and points to the west. There is enough space to add a full mason yard or additional services such as kitchen and bath cabinetry. In the past year the business grossed approx. $700,000.00 with a net cash flow of approx. $280,000.00. There are 5 f/t employees. That includes 2 f/t owners. There are also additional sales. The sale price includes all furniture, fixtures, equipment. We are seeking a serious and financially qualified buyer with at least $375k in liquid funds to cover the asking price, plus an additional $150k for inventory (negotiable). All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-31947 for instant access to this business information.

Business Operation

Reasons for selling:

Partnership split.

Employees:
5FT
Years established:
1987

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

375,000.00 Down & $200K over 3 yrs. @ 6%

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$150,000

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