Catylist ID:
#30819310
Monument Company with Strong Referral Business and Real Estate
Undisclosed Address, New Hampshire
Business Opportunity
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30819310 |
| Property Subtypes: | Manufacturing |
| Status: | Pending/Contingent |
| Building Size (RSF): | 2,760 SF |
| Sale Price: | $575,000 |
| Name of Establishment: | Stephen R. Roy Monuments |
| Gross Revenue: | $400,000 (Annual) |
| Cash Flow: | $211,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Business priced at $225,000 and Real estate $350,000 for total of $575,000. |
| Last Updated: | 3/13/2023 |
Overview / Comments
|
The owners have successfully operated this Monument Company based in Rochester, NH for over 40 Years. The business consists of cemetery memorials, cemetery lettering and memorial cleaning and repair. A husband and wife team run the business. No funds are spent on marketing, no website exists and the owners close the business for 4 months every year to go to Florida. This is a turn key operation for a buyer with industry experience or a perfect bolt on for another Monument company looking to expand into the Southern New Hampshire and Seacoast market. There are no other employees in the business so experience is a must. Business priced at $225,000 and Real estate $350,000 for total of $575,000. |
Attachments & Media
Additional Details
| Industry Segment: | Other Manufacturing |
| Reason for Selling: | Retirement |
| Value of Inventory Included ($): | $38,000 |
| Value of Furniture, Fixtures, and Equipment ($): | $100,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $350,000 |
| Real Estate Lease Description: | The site is improved with two buildings on .26 of an acre and is zoned industrial. The front building is partially insulated besides the office and is approximately 1,800 SF. The building is used for monument displays, sales and production. The second structure is a metal garage about 960 SF with to large overhead doors. The building is used for storage of the truck and other equipment. Adjacent to this property, on 0.25 acres is a single family residence at 63 Summer St. that is available to purchase with 57 Summer St. The home has 1017 +/- SF of living area with a 180 +/- SF enclosed porch, a large outdoor deck and a freestanding shed. The price for this property is $300,000. The two properties currently share a driveway. This is a unique opportunity for an investor, developer or business owner looking to relocate or expand. Live and work with no commute, offer employees housing next door or lease out one or the other or even both for a nice return. Total asking price for both properties is $650,000. |
| Employee/Labor Description: | Husband and wife team. |
| Mgmt/Training Support Description: | Seller is willing to assist in support and training. |
| Competition/Market Description: | Other competitors in the market but plenty of room for growth. Primarily the market consists of a 25 to 30-mile radius. Some of the top revenue generating areas are towns in New Hampshire such as Farmington, Rochester, Somersworth, Dover, Portsmouth, and Rye. |
| Growth/Expansion Opportunities: | The Business has been successfully operated for over 40 years and has a stellar reputation for providing a high-quality product with excellent customer service. Growth opportunities: Increase all marketing efforts including build a website for the business; Hire a Salesperson to call on Funeral home; Expand days and hours open to the public (don’t close for 4 months); and Outsource more of the work. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,950 | 25,218 | 46,270 |
| Median Age: | 42.09 | 40.47 | 40.58 |
| Households: | 664 | 10,148 | 18,771 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
