Granite Solutions Business was acquired by Private Buyer

Granite Solutions Business was acquired by Private Buyer

Granite Solutions Business was acquired by Private Buyer

Transaction Description

The business offered for sale was founded in 1998 and has been providing high-quality granite solutions for homeowners and businesses in the Hamilton, Halton, Niagara area for 2 decades. It has an established base of key commercial clients that it services, making up 60% of its annual revenues, with residential home upgrades representing the balance. The company offers expertise on kitchen design and supplies and installs fabricated marble, granite, and quartz into custom kitchen, bathroom and other solutions for the home. Quality products and timely service have kept clients coming back for all their granite, quartz or material surface needs. The company has automated much of its processing line, providing for maximum efficiencies during the cutting, polishing, shaping and surfacing steps for preparing materials. Full processing automation has allowed for increased output, (previously constrained by capacity), and reduced material waste, providing for optimal results. Technologically advanced equipment has provided the company with sales and servicing opportunities as well, with visual designs available for clients advance approval. The business has an established management structure in place and a solid team of fabricators, installers and service workforce. The company has had a long history of stable revenues and profitability with gross margin in the 30% range. Because of the nature of its business, the sales are relatively steady throughout the year. The company has established excellent relationships with key commercial customers and a variety of suppliers.

Transaction Details

Private Buyer

Granite Solutions Business

Greater Toronto Area

Beacon acted as advisors to this company for the sale of the business

Transaction Overview

Revenue (2017): $ 2,556,157
Normalized SDE (2017): $ 337,394
Normalized EBITDA (2017): $267,394
FF&E (2017): $750,000