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Executive Summary: This established, profitable, countertop manufacturing company is located in Central Texas. The business focuses on countertop manufacturing and installation services for major, national homebuilders, custom homebuilders, counter-cyclical remodeling companies, retail clients, and some commercial clients. The business has a large customer base and a solid reputation in the region. The business finished with $13.3 million in revenue and $2.93 million in adjusted EBITDA in 2021. Due to increasing demand, the business conservatively expects revenue to grow to $17 million in revenue in 2022 with EBITDA of $4.06 million. The business is currently focused on a small, regional area around Central Texas, though its brand could be scaled to other cities around Texas, or even nationally, over time. The owner has successfully built a team around the business, allowing the next owner to focus on strategy.
Competition / Market Outlook: While there are others in the countertop manufacturing and fabrication industry, this business has a lengthy history of satisfied customers, quality service, and an outstanding reputation. The business occupies a few different, profitable niches in this market segment.
Growth and Expansion: The current Owner believes revenues could significantly increase in the next several years, if they were to pursue certain strategic avenues. The current owner has a solid administrative support staff and production team in the shop.
Reason For Sale: The owner wishes to retire.
Training: The owner will provide training as needed to the buyer.
Facilities: The business leases its facility. It is large enough to support future growth initiatives.
Financing: The owner will consider some financing for a well-qualified buyer.
Employees: 42 employees
Year Established: 1989
Inventory: $600,000 *included
Equipment: $400,000 *included
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.