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.

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.

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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
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