Fabricated Synthetic Stone for Outdoor Walls – No Installation for sale in Chicago,, IL

Business Summary:
This business handles the fabrication of synthetic, precast stonefor masonries and 75% of their work is done for municipalcontracts. This operation only handles the manufacturing andfabrication of the cast stone, the do not handle any installationof the products in exterior walls. The services offered includecreating a mold and color matching stones for historicalbuildings that need stones which are no longer available or foreye-catching statement pieces in new locations. Clients thattake advantage of these fully customizable stones primarilyinclude museums, commercial locations, and high-end multifamilyhousing units. Due to this extremely stable client base,there will not be any impact on this business should there be arecession. In fact, due to the newly passed US InfrastructureBill, this business can expect organic growth opportunities in theupcoming year. To add to the stability of this business, theycurrently have a 90% repeat client base made up of B2B workwith 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. Thisorganization has nearly 20 employees with experts inmanagement including a production manager, plant manager,supply manager; along with 1 drafter, 1 sales rep, 2 mold shopand 12 plant production workers. This team allows the currentowner to only work 20-25 hours handling bookkeeping andsome deliveries out of personal preference.Priced at $2,550,000 this business is ready for a new owner tostep in and continue operating on the foundation laid beforethem. The seller has offered a training period of 1-2 years toensure a smooth transition of ownership as well as to finance20% of the purchase price as a show of good faith. With anexcellent staff, reputation that’s been established since 2010,and large warehouse with a significant amount of unusedspace, this niche business is primed to offer a new and excitedowner exponential growth opportunity with minimal additionalinvestments needed.