Opportunities
Fabricated Synthetic Stone for Outdoor Walls – No Installation
Precast Stone for Masonries - Recession Resistant with 75% Municipal Work!
Specifications
This business handles the fabrication of synthetic, precast stone for masonries and 75% of their work is done for municipal contracts. This operation only handles the manufacturing and fabrication of the cast stone, the do not handle any installation of the products in exterior walls. The services offered include creating a mold and color matching stones for historical buildings that need stones which are no longer available or for eye-catching statement pieces in new locations. Clients that take advantage of these fully customizable stones primarily include museums, commercial locations, and high-end multifamily housing units. Due to this extremely stable client base, there will not be any impact on this business should there be a recession. In fact, due to the newly passed US Infrastructure Bill, this business can expect organic growth opportunities in the upcoming year. To add to the stability of this business, they currently have a 90% repeat client base made up of B2B work with the masons being the direct client, not the end user.
This Chicago based establishment offers a niche service and, because of this, their nearest competition is 30 miles away. This organization has nearly 20 employees with experts in management including a production manager, plant manager, supply manager; along with 1 drafter, 1 sales rep, 2 mold shop and 12 plant production workers. This team allows the current owner to only work 20-25 hours handling bookkeeping and some deliveries out of personal preference.
Priced at $2,550,000 this business is ready for a new owner to step in and continue operating on the foundation laid before them. The seller has offered a training period of 1-2 years to ensure a smooth transition of ownership as well as to finance 20% of the purchase price as a show of good faith. With an excellent staff, reputation that’s been established since 2010, and large warehouse with a significant amount of unused space, this niche business is primed to offer a new and excited owner exponential growth opportunity with minimal additional investments needed.
Funding Details
Business: Volano Solutions
Offer Price: $2,550,000
12.5% Buyer Cash Down at Closing: $318,750
12.5% Seller Carry Back via Promissory Note: $318,750
year term at a rate of %
25% of Purchase Price secured by Buyer and Seller
Total Bank Loan Need: $-1,912,500
75% of Purchase Price
Desired Loan Type: Conventional
Desired Bank Terms: year term at a rate of %
Total Business Assets, Inventory, and A/R: $2,184,868
Total Overcollateralized Loan: $-272,368
Loan Payments
| Monthly Payment to Bank: | $NaN |
| Yearly Payment to Bank: | $NaN |
| Monthly Payment to Seller: | $NaN |
| Yearly Payment to Seller: | $NaN |
| Total Monthly Debt Service: | $NaN |
| Total Yearly Debt Service: | $NaN |
Conclusions
Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
|
Cash Flow: 4 yr. Avg. Cash Flow |
$511,011 |
| Annual Debt Service: | $NaN |
| RATIO: | NaN |
Buyer's Net Operating Income (NOI)
The amount of money the Buyer will retain as profit.
|
Cash Flow: 4 yr. Avg. Cash Flow |
$511,011 |
| Annual Debt Service: | -$NaN |
| NOI: | -$NaN |
Buyer's Return on Investment (ROI)
The rate of return on the Buyer's down payment.
| Down Payment: | $318,750 |
| NOI: | -$NaN |
| ROI: | NaN% |
Attachments
| Document Title / Description |
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Summary Sheet
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summary
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Cash Flow Analysis
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Email
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210 N 78th St. 2nd FloorOmaha, NE 68114
Or fax to:
f 402.939.0857