Municipal Focused Manufacturing for Customized Cast Stone Exteriors

This Chicago based business manufactures customized cast stones for exterior structures. They primarily produce these products for general contractors and mason contractors as they do not self-perform any labor or handle any installation. The purchase of this business includes over $2 million worth of assets to allow the team to continue operating as they have been. Their work is mainly focused on municipal contractors as this makes up 75% of their orders with commercial making up 20% and exterior residential work making up 5%. This is an architecturally based business that fully handles external work with their custom products being created to restore unique or older stone structures by creating a mold and color matching the original stones, which may no longer be available. Their services are also utilized by museums and multi-family housing units for more eye-catching stones than the average “cookie cutter” manufacturers can create. Their team consists of 19 employees including 1 sales rep, 1 production manager, 1 drafter, 1 supply manager/job scheduler, 1 plant manager, 2 mold shop workers, and 12 laborers in plant production. The current owner has offered to stay on in his current role of bookkeeping for 1-2 years after the purchase of this business. He’s also offered 12.5% seller financing or equity roll of the purchase to express his confidence in the business’s ongoing success. This business operates out of a 17,000 sq. ft. location and primarily service the Chicagoland area, more specifically, the northwest suburbs of Chicago and their nearest competition is 30 miles away. Their current building is not near max capacity and this business has significant room for growth, without needing to invest in more equipment or warehouse space. Priced at $2,900,000 this business is ready for a new owner to step in and continue operating on the foundation laid before them. With an excellent staff, reputation, and a profit margin of 32%, this niche business is primed to offer new ownership exponential growth opportunities with minimal additional investments needed.