Nedrow Business Advisors is proud to represent this Family-Owned, very successful, stable Granite business with three locations throughout the West Texas area.
This company is a 20-year-old business and the leading provider of kitchen and bathroom countertops in West Texas.
They supply countertop materials (like granite, marble, quartzite and quartz) to fabricators, builders and homeowners through its indoor, open-to-the-public countertop “selection center” showroom in three separate locations.
The main location supports all centralized corporate functions, allowing the other two locations to operate with a lean staff that focuses on sales and customer service.
All three locations ) have a warehouse, office and an open-to-the-public, friendly showroom where fabricators, builders and homeowners come together as project teams to hand-select the exact piece or slab that they want to use for their countertop project. The company sells the countertop materials and then delivers it. They are not involved in installing the countertops.
The company prides itself on the quality of its products (that pass in-house inspections) and its customer service (providing a friendly, comfortable location for project teams to come together, see/touch/feel and select the countertop product that they will use -- all while benefiting from the product expertise of the company's staff while onsite at the company’s showroom.
The business is very mature with a standardized approach used at each of its three locations -- from store/warehouse setup, to onsite equipment, to staffing/personnel. The company has a sophisticated web and social media presence. This business is “buttoned-up”.
The real estate attached to the business is for sale, but it is NOT INCLUDED in the asking price. The owners would prefer to sell all the real estate. They are also willing to retain it and lease it back.
The company recorded 2023 revenue of $9.6 million and Adj. EBITDA of $2.3 million.
2024 revenue was also over $9M and Adj. EBITDA of $2.5 million, reflecting improved Adj. EBITDA margins from 23% to 25% to 27% over the last three years.
The main location based in Abilene is experiencing tremendous growth of the business and will for the foreseeable future partly due to the NEW ORACLE FACILITY DATA CENTER OF 800K SF!
Estimates are that Abilene and the surrounding area could triple in size in the next 5-7 years!
Oracle is building the first DATA CENTER in the country and right next to it, MICROSOFT is building a facility of over 200 SF as well! The amount of infrastructure and residential/commercial activity to support these facilities is difficult to project but the future of the entire area is EXTREMELY POSITIVE!
This is a VERY STRONG OPPORTUNITY for someone looking for a VERY WELL-ESTABLISHED, stable business with real growth potential! Other locations could create additional revenue and would expand the footprint of this company.
KEY SUCCESS FACTORS:
* Nations first DATA CENTER in America is being built within one mile of the Abilene location!
* Leading supplier of countertop materials in West Texas
* Steady, durable revenue and exceptional annual free cashflow
* Three locations with centralized functions supported out of HQ
* Tight, lean staff with decades of industry experience and tenure
* Mature business with standardized processes in each location*
* Three generations of owner-operators in the granite industry
* Plenty of room for growth, but no pressure to do so
* Sophisticated web and social media presence
* Debt free