The company fabricates and installs stone and granite countertops for single and multi-family homes. The company typically works with large home builders who construct hundreds of homes per year.

Key Aspects

Operating in growth mode; revenue and adjusted EBITDA grew at a compound annual growth rate (CAGR) of 17.8% and 57.1% from 2017 to 2020, respectively
Out-of-state projects have increased year-over-year
Gross profit margins averaged over 50% between 2017 and 2020
By year-end 2021, the company will sell countertop care products and chemicals
As of May 31, 2021, estimated revenue for work-in-progress under signed contracts is approximately $3.1M

Opportunities

Expand current area served
Acquire additional machinery to increase operational capacity
Reduce the cost of outside services by employing more in-house installation personnel
Decrease overall travel costs by establishing an additional facility near high customer concentration areas
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 leased from an affiliated entity and is not included in the sale. The facility comes equipped with a showroom, fabrication shop, and storage space. The owner has indicated there is room to expand on an adjacent lot.

Shareholder Objectives

The company is owned evenly by two individuals. The owners are seeking a full sale of the company to pursue various business endeavors. The owners are open to staying on for a pre-determined transition period.

Benchmark International

Benchmarks Exclusive Opportunities

Full-Service Hard Surface Countertop Provider – BM011299

Full-Service Hard Surface Countertop Provider – BM011299

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