SEEKING BUYER
$6.35M Rev, Established High-End Ceramic Tile Contractor, Residential & Commercial
Construction · Newark, DE, USA
revenue: $6,351,518
ebitda: $1,021,583
Exclusivity:
Exclusive Representation
SBA Eligiblity:
Eligible
Revenue:
$6,351,518
EBITDA:
$1,021,583
This is a specialty ceramic tile installation contractor serving high-end residential clients and large commercial and public accounts across Delaware and the neighboring parts of Pennsylvania and Maryland, built over more than two decades into one of the most recognized names in its market. The business handles everything from custom bathroom remodels and indoor pools to prevailing wage contracts for public institutions, hotels, universities, and multi-unit developments. Revenue grew from roughly $2.2M in 2022 to $6.35M in 2025 on CPA-reviewed statements, with state public work among its most consistent sources of business. What sets this operation apart is its in-house workforce. The business trains and retains its own CTEF-certified tile setters, a credential held by fewer than 2,000 professionals nationwide, and installers typically take three to five years to fully train. Employee turnover is essentially zero. The core crew is supplemented with subcontracted labor only when multiple large projects run concurrently, as happened in 2025 when ownership deliberately bid and won several large jobs at once to test how much volume the existing overhead could carry. The field delivered without schedule or quality issues; the lesson was that the office needed more bidding capacity, which is now being added. The business is routinely awarded the largest ceramic tile contracts in its state, carries surety capacity of approximately $2M single project and $6M aggregate, and is one of a small number of contractors set up to perform prevailing wage public work under the state's payroll, drug testing, and craft training requirements. It also returned to high-end residential work in 2024, which adds roughly $1M per year of higher-margin volume alongside the commercial base. Estimating is handled by a long-tenured in-house estimator trained by the owner, and field crews are led by experienced installers accustomed to running large projects independently. The business operates from a leased warehouse and office under a long-term lease with renewal options through 2037 and annual increases capped at 3%, at a rent well below current market. No real estate is included. The owner is moderately involved, spending most of his time on sales, finance, and oversight rather than on job sites. He is 45, started the business at 20, and is open to a full exit with a transition period or to staying on as a partner with the right strategic buyer. The standout: a certified, tenured in-house crew, bonding capacity, and a dominant position in state prevailing wage work create a defensible business that competitors cannot easily replicate. 📍 Newark, DE 💰 Asking Price: $3,500,000 View the full listing on Baton: redacted Interested? Message me or visit the link above to learn more and request access to the data room.