Manufacturer/Fabricator Building Products: Under LOI

This business was established in 2013. They are primarily a business to business designer, manufacturer, installer and fabricator on a large scale of stone countertops and cabinets. The are now positioned to offer flooring options as well. Their customer base ranges from investor groups building or renovating 100s of units at a time to builders, homeowners and contractors. Revenue in 2018 was $10.5MM, 2019 $ 12MM and in 2020 sales hit $14.2MM. In 2021 revenue came in at $18.9M(accrual) with seller discretionary earnings (SDE) in the $2.7MM range. Trailing twelve months (TTM) through July 2022 revenue topped $22MM with a (TTM) net income above $2.8MM. They have locations in Atlanta, Florida and Tennessee. We are asking $13MM for the business.