Marble Refinishing & Maintenance Business for Sale in Chicago, Illinois

Located in Chicago, Illinois (Cook County)
Sale includes: the the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $285,000 plus inventory

This marble refinishing & maintenance company opened for business in 1989 and specializes in refinishing and restoring all types of natural stone surfaces, such as walls, countertops, floors and facades made with marble, granite, limestone, terrazzo, and slate. Their method uses polishing and wet grinding – which creates no dust-cleaning, honing and sealing of natural stone surfaces.

The target markets are primarily commercial: Hotel and building lobbies, including historical architecturally important buildings, several of which this team has restored. The other market includes high end homes that have large amounts of stone work.

The company has been a long-time member of the Natural Stone Institute and National Association of the Remodeling Industry and maintains an ‘A’ ranking with the Chicago area Better Business Bureau. The owner and staff have always made time for continued education and routinely attend events to stay on top of the latest in the industry. The current owner has owned this business since 1989 and is considering retirement.

This business uses state of art methods learned over the last 25 years and now has built both a wealth of knowledge and a team of highly trained employees. The Owner has slowed down recently and does not need to visit nearly as many job sites as before. With the day to day processes in place, covered by administrative employees and techs in the field a new owner can step in focused on growing the business.

In addition to this being a turnkey business, there is a ton of potential to build the operation further. One opportunity is in the high-end residential home market, 2018 is “expected to be another robust year for residential renovations and repairs with growth accelerating as the year progresses”, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Joint Center for Housing Studies of Harvard University. “The LIRA projects that homeowner spending on improvements and repairs will approach $340 billion in 2018, an increase of 7.5 percent from estimated 2017 spending”.

Another opportunity for growth is leveraging the online assets further, creating more content for the blog and social media accounts would be new ways to generate activity.

The business already includes a great website with a premium domain.

The website has an updated modern look and is very functional with a lot of content, a blog and a built-in module showing their many 5-star testimonials on Customer Lobby. This business is rated well online overall, with 4.8 stars on Google, 4 stars on Yelp. Over 9,000 contacts are included in their CRM/email list.

The property can be included with the sale of the business and is based in a brick two-flat building close to two major expressways, as is situated with parking for six vehicles in the back. The upstairs of the building is rented at $1,082 per month and provides an additional stream of income for the owner.The neighborhood itself has undergone a lot of development recently, new buildings constructed, and the nearby CTA and Metra Stations were recently remodeled.

There are 4 cars included in the sale: 2 Kia Sorrento’s, 1 station wagon, and 1 four door sedan. The owner has found that using cars instead of trucks has its advantages including using less fuel and taking up less space. 

Annual Gross Sales*

2017 = $ 699,242.88
2016 = $ 731,207.00
2015 = $ 679,132.00
2014 = $ 718,082.00

Note: The owner will consider a small amount of financing for a well-qualified potential buyer.

Asking Price/Business Only: $285,000.00 plus inventory
Gross annual sales (approximately): $699,242.88
Cash flow (approximately): $147,453.85
Value of Inventory (approximately): $10,000.00
Value of Equipment & Fixtures (approximately): $55,000.00
Building, Property details (approximately): The annual Real Estate taxes are $5,260.00. They have parking available behind the building and street parking. The building is +/- 2,376 sq ft. The property is +/-3,125 sq ft. It is zoned M. The building is a 2 story building with a rented apartment above the business. It is currently rented & the tenant is paying $1,082.00 per month.
Seller Financing: Owner will consider a small amount of financing with qualified & experienced buyer/operators.
Contact: Tony Gavros This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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