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Natural Stone and Engineered Surfaces Retailer – BN000035375

Southeast US, US
10M-25M2M-5M design, Engineering, Retail
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TEASER
CLIENT CODE: BN000035375
REVENUE/TURNOVER: $11,384,000
EBITDA: $2,451,000
HEADQUARTERS: Southeast US
 
Interested? Contact Us
813-898-2350
pmanry@benchmarkintl.com
Natural Stone and Engineered Surfaces Retailer – BN000035375

Paul Manry

interested in this opportunity?
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The company is a natural stone and engineered surfaces retailer with three locations throughout its current state of operation. The company is a top stone supplier in the Southeast US, offering diverse collections of both natural and engineered stones from across the world for homeowners and professionals alike. Product offerings include high-end, luxury slabs of marble, quartzite, granite, engineered quartz, as well as many others.

Key Aspects

  • Combined revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 16.9% and 50.4%, respectively, from 2019 to 2022
  • Operates from a total of 57,000 sq. ft. across three different operating facilities, all of which are in prime locations
  • Diverse customer base, with the top customer in 2022 only accounting for 2.2% of overall revenue
  • Low debt-to-income ratio, with management noting that the company has a strong cash flow and little debt
  • Staff is motivated and hardworking, with most members in leadership roles having grown with the company since its establishment
  • Organized and spacious showrooms, carrying a wide variety of stone products
  • Management notes that product offerings including high-end, luxury materials sourced from countries like Italy, Brazil, Spain, and India
  • Diverse supplier base, with the company’s top supplier in 2022 only accounting for 13% of total spend

Opportunities

  • Continue expanding to other high-end markets and states throughout the US
  • Focus on expanding the company’s current product line to include items such as tiles and flooring
  • Implement a strategic marketing campaign to continue to capitalize on the company’s two recently developed locations and gain new customers
  • Continue obtaining supplier connections from around the world to further diversify stone collection from competitors

Headquartered

  • Southeast US

Current Markets

  • The company currently serves both the retail and wholesale markets, providing products to both homeowners and professionals, such as architects, builders, contractors, and installers. The company primarily serves customers in its local market, in addition to others throughout the state.

Real Estate

  • The company operates from three separate facilities totaling of 57,000 sq. ft., all of which act as showrooms for the company’s extensive inventory. All three locations are leased from unrelated third parties.

Shareholder Objectives

  • The company is solely owned by a single shareholder who is seeking an exit strategy. The shareholder is willing to stay with the company for a predetermined period of time to facilitate a smooth transition to new ownership.

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