Anyone have experience with stone fabrication?
Hello, I am looking at a stone fabrication company. For context, my background is not in construction. I have sales management and leadership experience and experience in the data and analytics space. Looking for anyone who has owned and operated a fabrication shop that can share their experience owning / operating. They are between 5-10M in Revenue. 16% EBITA margins. ~1x inventory on hand. Heavy inventory on hand - the owner states this is their competitive advantage. ~30+ employees. - Shop - wet saws, water self containment system -90% residential, with repeat clients through designers, contractors, bath and kitchen etc - subs install the work Couple questions/ concerns: - concern: tied up cash with inventory. has anyone else used high inventory as a competitive advantage? Is it necessary or is it an outdated strategy? - concern: environmental component. since silicosis is such a high risk here - does anyone have advice for a first time buyer? What are the horror stories here Thanks