North Kingstown, Rhode Island
Profitable Established Kennel
This Kennel is one of the largest and most successful kennels for dogs and cats in New England. Located on a beautiful 23 + acre parcel with showgrounds and outside training and exhibition area.There are 61 heated and air conditioned dog kennels with heated indoor runs. There are 16 cat condos 8 cat townhouses located in a different area of the building on the 2nd floor. The kennel building has a full upstairs and has room for expanded facilities on both floors
Newport, Rhode Island
Fine Jewelry Store in Resort Town
Very attractive, established, profitable, Fine Jewelry store in desirable, high traffic resort location.
Fixtures and leasehold improvements are high end and showcase the exquisite precious metals and stones at their best.
Some of what would have been profit was poured into inventory.
per tax return....Inventory at beginning of year $532, 545 Inventory purchases $315,018 total $847,563.
Inventory at year end $464,314.
Business, West Warwick, RI
Established and Profitable Extrusion Machine Shop /
This machine shop, for the past 29 years, has made machined nozzles and parts for manufactures extrusion machinery. These machines are widely used in the energy industries and a wide variety of other manufactures of containers. The company had a very good year in 2019 with revenues growing over 23%. Gross margin was 78%. Operating expenses including wages except for one owner were 30% of revenues. The owner was able to take out over $143,000 in cash during 2019. Even with revenues growing at only 3%, the new owner would realize a net present value 42% return on an investment of $936,000 over the next five years.. There are significant opportunities for growth.
This is a landmark company in Rhode Island for over the past 50 years with a well-earned reputation for quality construction work. The company focuses on four main product/service areas which provide stable margins and diversification in changing economic times. The company has four independent workers that do the primary work of installing the company’s products. This arrangement allows the company to manage its cost of goods sold to focus only on products that are currently in demand. Operating expenses are kept low by having a small office and focusing client marketing calls and administrative tasks with the husband and wife owners. The result is a business that will provide a 39% after tax return on the new owner’s investment over the next five years.
Diversified and Profitable Specialty Contractor