592 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$1,800,000
Revenue$2,800,000 Established1993
Cash Flow$455,666 Employees7 full-time
FF&E$4,777 FranchiseNo
Inventory$341,555 RelocatableYes
Real Estate$322,111 Home-basedNo
* Included in Asking Price
Booming Glass Company for Sale
Toccoa, GA (Stephens County)
Seller Financing Available
Asking Price: $1,800,000

Cash Flow: $397,000

Gross Revenue: $2,800,000
EBITDA: $400,000
FF&E: $34,533
Inventory: $1,330,000
Real Estate: $350,000
Established: 1993
Business Description
" Our business is booming!" Is there any greater testament for a business that is going to gross $2.8 million in 2018? According to the company"s owner, gross sales in 2016 was $1.4 milioIn 2017 owner benefit was $379,780, and because this is an S-Corporation, the business' profit margin is low. When initially purchased in 1993, total sales were$150,000; however, earnings have increased exponentially , and the owner has developed the company to the point that she can step back and allow it to flourish with a competent estimator , a highly efficient office manager and the necessary work crews. Asking price for the glass company is $1.8 million; included in that price are the inventory and FF&E, along with other assets valued at $1,337,353. In addition, the appraised value of the two buildings (20,000 square feet )and land is $350,000. Although the present owner has owned the company since 1993, the original building dates to 1970 with a remodel and full addition having been completed in 2007. Staff includes 6 full-time employees and 2 sub-contracting crews ; the company receives 8-10 new invitations to bid projects every day of the work week. Obviously, this is in direct correlation to the outstanding reputation built in Northeast Georgia and the greater Atlanta area.
As the owner seeks to fulfill a call to the mission field in Nicaragua, she can offer support (if desired ) to up to 12 months. Particularly of interest to a prospective buyer is the breakdown of sales: 80% commercial
20% residential
Contracts are primarily government projects,schools or medical facilities Also worthy of note is the exceptional staff which maintains all daily operations with the exception of payroll and bill paying.
As stated, the $2.8 million for 2018 will provide $1.2 million increase in sales for just this year, mainly owing to the burgeoning Atlanta Metro construction market; this company could not only conceivably hold steady but also increase! Undoubtedly, this company has proven its worth over the years and certainly can continue on the path to be even more lucrative than it has been. With very little competition, this company is just waiting for the right qualified buyer who can manage to maintain its stellar reputation in Northeast Georgia and Atlanta while also being a vital component of its incredible growth!
Ad #101148
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Jim Baker
Matchmaker Business Inc.
3216132393
Name
Email Address
Message