Description:

The company fabricates and installs stone and hard surface countertops for single and multi-family homes. Stone care products, sinks, and faucets are offered at the company’s retail location. The company typically works with large home builders who construct hundreds of homes per year.

Key Aspects:

Revenue and gross profit grew at compound annual growth rates of 34.1% and 21.0% respectively, from 2020 through the trailing twelve months ending June 30, 2023
Revenue grew 43.4% from 2021 to 2022
The company has multiple affiliations with national home builders, prompting the expansion of out-state projects to service these clients
Approximately 14% of 2022 revenue came from out-of-state projects
In 2021, the company added countertop care products and chemicals to the product line up
As of July 2023, estimated revenue for work under signed contract is $29.6M

Opportunities:

Increase market share in the regions currently served
Reduce the cost of outside services by employing more in-house installation personnel
Establish an additional facility in regions with growing market share and high customer concentration
Develop a marketing plan to drive showroom traffic and out-of-state projects

Headquartered:

Southeast United States

Current Markets:

The company primarily serves residential and commercial builders in the Southeast and Mid-Atlantic regions
Out-of-state projects have increased as demand for the company’s products and services grows

Real Estate:

The company operates from an 11,800 sq. ft. facility owned by the company and that is not included in the sale
Ownership is willing to consider entering into a long-term lease for the property
A 12,000 sq. ft. facility is leased from an unrelated third party in a separate location

Shareholder Ownership:

The company is equally owned by two shareholders who are seeking a full sale of the company to pursue various business endeavors
Ownership is open to staying on for a predetermined period to facilitate a smooth transition to new ownership

Benchmark International

Benchmarks Exclusive Opportunities

Custom Hard Surface Countertop Provider & Fabricator – BM011299

Custom Hard Surface Countertop Provider & Fabricator – BM011299

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