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Municipal Focused Manufacturing for Customized Cast Stone Exteriors

Chicago Based Operation with over $2 Million in Assets!

CASH FLOW
$679,456

Specifications

  • Price
    $2,900,000

  • Profit Margin
    32%

  • Equipment
    $1,800,000

  • Revenue
    $2,129,608

  • Cash Flow
    $679,456

  • Employees
    19: 1 sales, 1 production manager, 1 drafter, 1 supply manager/job scheduler, 1 plant manager, 2 mold shop workers, 12 plant production laborers.

  • Location
    Chicago, IL

  • Account Receivable
    $384,868

  • Service Area
    Chicagoland area, primarily in the NW suburbs of Chicago, they do some work throughout the Midwest.

This Chicago based business manufactures customized cast stones for exterior structures. They primarily produce these products for general contractors and mason contractors as they do not self-perform any labor or handle any installation. The purchase of this business includes over $2 million worth of assets to allow the team to continue operating as they have been. Their work is mainly focused on municipal contractors as this makes up 75% of their orders with commercial making up 20% and exterior residential work making up 5%. This is an architecturally based business that fully handles external work with their custom products being created to restore unique or older stone structures by creating a mold and color matching the original stones, which may no longer be available. Their services are also utilized by museums and multi-family housing units for more eye-catching stones than the average “cookie cutter” manufacturers can create. Their team consists of 19 employees including 1 sales rep, 1 production manager, 1 drafter, 1 supply manager/job scheduler, 1 plant manager, 2 mold shop workers, and 12 laborers in plant production.

 

The current owner has offered to stay on in his current role of bookkeeping for 1-2 years after the purchase of this business. He’s also offered 12.5% seller financing or equity roll of the purchase to express his confidence in the business’s ongoing success. This business operates out of a 17,000 sq. ft. location and primarily service the Chicagoland area, more specifically, the northwest suburbs of Chicago and their nearest competition is 30 miles away. Their current building is not near max capacity and this business has significant room for growth, without needing to invest in more equipment or warehouse space.

 

Priced at $2,900,000 this business is ready for a new owner to step in and continue operating on the foundation laid before them. With an excellent staff, reputation, and a profit margin of 32%, this niche business is primed to offer new ownership exponential growth opportunities with minimal additional investments needed.  

Purchase Price:

$2,900,000

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Years
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Bank Loan Needed: $

Years
%
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2021 cash flow
$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2021 cash flow
$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.