masthead

Connecticut Construction Business For Sale 26532

Back
Construction Businesses For Sale
The Transition Group
 
Clackamas, Oregon 97015
UNITED STATES

p.971-224-4080
Click for email
 
Category: Construction SIC:
Detail: N/A Price: $267,900
County: Down: $0
State/Prov.: CT Adj Net: $135,000
Country: USA Sales: $571,000
Relocatable No Home based No Franchise No Lender pre-qualified No
This is a 4,328 s.f. Countertop Fabrication Shop and Showroom for solid surface materials selling kitchen countertops, sinks, faucets and cabinets to homes, commercial & industrial businesses, food service and educational operations, offices, hotels and motels for more than 26 years in the area. Just the name might be worth most of the price.

The Real Estate is not included but can be purchased too.

This countertop shop fabricates and installs solid surface materials by DuPont Corian, Wilsonart, LG HiMacs, Krion and others, engineered stone by Silestone, DuPont Corian Quartz, Hanstone LG Viatera, Butcher Block, Paperstone & Teragren Bamboo Tops.

The shop has separate areas for its own Table Saw room, CNC Router and large Panel Cutter ? every special tool that?s needed to perfectly fit countertops etc. in a home?s kitchen or commercial use.

Other profit centers include custom fabrication and installations, selling and installing sinks and faucets, edge treatments, repair and maintenance of existing countertops and cabinet sales and installation.

The current Owners started this business in 1992 in their basement. They moved to a shop in Danbury, CT in 1994 then purchased a +/- 4,300 s.f. building on a busy street in 2003.

The first floor is the shop, the second floor has the office and showroom. A separate storage area is in the 2 car garage and barn.

The key to this businesses success over the years has been their quality products, professional fabrication and unbelievable service. This is probably why sales have been steady over the past few years with a somewhat erratic economy.

The business winter hours are M ? Th 9:00 to 5:30, F 9:00 to 5:00, Sat 10:00 to 3:00 and closed Sunday. Summer hours (June thru August) is the same for M ? Th, F 9:00 to 3:00 and closed Sat & Sun.

The Owner is offering a 10 year lease with a special price on the rent being offered: $2,000/month gross for the first 2 years, $2,500/month gross for the next 3 years and $3,000/month gross for the last 5 years.

Labor includes 5 full timers: the Owners (husband works mostly in the shop and wife works in the office and does showroom sales), 2 shop full timers one of which is cross trained on the auto cad for the CNC router and an assistant office and sales person.

Sales from 2016 to 2018 averaged $573,934. For purposes of the projection, a weighted average was used - $571,119 which is $1,967 more than 2018.

Equipment includes: 2007 Isuzu NPR box truck, CNC router, panel saw, Table saw, router, 5 computers, auto cad, racks etc. Total new cost is estimated +/- $ 146,000. Desks, counters and miscellaneous improvements +/- 5,000. Estimated fair market value is +/- $72,000.

Owner?s Cash Flow for the last 3 years averaged +/- $145,519. The weighted average is $135,229. Last year?s OCF was +/- $ 103,521.

The shop, office and showroom is located in a +/- $4,328 s.f 2 story wood frame building that was remodeled in 2003-2004. The main level was retrofitted into an industrial shop with concrete floors, a heavy floor load capability, radiant heat in some of the floors and baseboards, 400 amp service and an 8? overhead door that is +/- 10? wide.

The second floor has an office and the showroom. There is a separate garage and barn used for storage (mostly slabs and other oversized and irregular products).

The shop area is +/- 2,323 s.f. The upstairs office and showroom is +/- 1,049 s.f. and the storage areas (garage and barn) is +/- 956 s.f. The property is on .25 acres and is zoned CG 20 (many possible uses) making owning the real estate good for the business and a great investment for the future.

The business is located on the east side of a very busy street connecting the northern parts of Danbury, New Fairfield and Sherman to I-84 and downtown Danbury, CT. The traffic count on this street is over 28,300 cars per day passing this business.

30 days training and/or telephone consulting is also available.

Owner financing, if qualified, is also available with at least 20% down. Will amortize the payments over 15 years at 7% interest with the balance of the loan paid at the end of year 10. This financing is subject to approval.

Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request.

A/R: Real Estate: $
Inventory: $8,000.00 Other Assets: N/A
FF&E: $57,000.00 Total Assets: N/A
Leasehold: $15,000.00 Included: N/A

Please use the form below to contact us about this business!

First name
Last name
Company
E-mail
Phone
Comments
Please provide the listing number for the business that is of interest to you.
BBN-NET is America's Largest Network of Business Brokers