Full-Service Hard Surface Countertop Provider

Southeast US
Construction; Industrial & Manufacturing
Client Code: BM011299
Revenue (Internal): $4,941,955
EBITDA (Internal): $637,785

The company fabricates and installs stone and granite countertops for single and multi-family homes. The company typically works with large home builders who construct hundreds of homes per year.

Key Aspects

• Operating in growth mode; revenue and adjusted EBITDA grew at a compound annual growth rate (CAGR) of 17.8% and 57.1% from 2017 to 2020, respectively

• Out-of-state projects have increased year-over-year

• Gross profit margins averaged over 50% between 2017 and 2020

• By year-end 2021, the company will sell countertop care products and chemicals

• As of May 31, 2021, estimated revenue for work-in-progress under signed contracts is approximately $3.1M

Opportunities

• Expand current area served

• Acquire additional machinery to increase operational capacity

• Reduce the cost of outside services by employing more in-house installation personnel

• Decrease overall travel costs by establishing an additional facility near high customer concentration areas

• Develop a marketing plan to drive showroom traffic and out-of-state projects

Headquartered

• Southeast United States

Current Markets

• The company primarily serves residential and commercial builders in the Southeast and Mid-Atlantic regions. Out-of-state projects have increased as demand for the company's products and services grows.

Real Estate

• The company operates from an 11,800 sq. ft. facility leased from an affiliated entity and is not included in the sale. The facility comes equipped with a showroom, fabrication shop, and storage space. The owner has indicated there is room to expand on an adjacent lot.