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Custom Hard Surface Countertop Provider & Fabricator – BM011299

Southeast US, US
500K-2M5M-10M Building & Construction, design
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TEASER
CLIENT CODE: BM011299
REVENUE/TURNOVER: $9,410,547
EBITDA: $981,257
HEADQUARTERS: Southeast US
 
Interested? Contact Us
813-898-2350
wsullivan@benchmarkintl.com
Custom Hard Surface Countertop Provider & Fabricator – BM011299

William Sullivan

interested in this opportunity?
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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

  • Operating in growth mode; revenue and gross profit grew at compound annual growth rates (CAGR) of 26.3% and 16.2% from 2019 to 2022
  • 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 January 2023, estimated revenue for work under signed contract is $11.5M

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 Objectives

  • 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

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