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Maine Monument Company For Sale

Maine, US
Freehold Price:
$680,000 (USD) Furniture / Fixtures included
Lease Asking Price:
$450,000 (USD) Furniture / Fixtures included
Sales Revenue:
$525,000 (USD)
Cash Flow:
$180,000 (USD)

This family-owned, fourth-generation business is located in the Northern New England market. The business utilizes a CAD computer system to design and engrave cemetery memorials as well as granite signs and veterans’ memorials. Shape carvings are completed in house, and an artist is on staff to complete hand-etched sceneries. Five full-time and two part-time employees operate the business from March through November. The business has multiple locations for added sales opportunities.

Property Information

Real Estate:

Available as lease or with real property included

Premises Details:

The main office location consists of a 10-acre lot, 3-bedroom home with an office as well as a detached fully-updated sandblast shop. The shop also houses an additional office for design work and assisting clients.

Business Operation

Expansion Potential:

There are significant opportunities to expand the market footprint of this company. Multiple areas within an hour’s drive are underserved in the memorial trade. Sales locations could be added in these areas. The company also has custom, full-color catalogs that will benefit remote sales locations as well as add the possibility of working with funeral homes.

Competition / Market:

There are numerous monument businesses throughout Maine that service their local geographic market. Due to the size and weight of monuments, there is a low risk that national companies can effectively service small rural markets.

Reasons for selling:

Retirement

Employees:
5 FT, 2 PT
Years established:
Established in 1948

Other Information

Support & training:

Seller will provide transition training and consulting.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller/Bank $295,000 on Biz. Working Capital Needed $25,000

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$420,000 (USD)
Lease asking price:
$450,000 (USD) - Furniture / Fixtures included

Contact Information

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