* Included in Asking Price
This is a fantastic opportunity to purchase a highly profitable, full-service glass company with room to grow. Serving the Denver Metro Area since 1992, this business has been operated current owner since 2006.
The business has a highly successful niche specializing in commercial storefronts that are 3 stories and lower, frameless shower doors, framed and semi-frameless shower enclosures, custom cut mirrors, custom cabinet door glass, double pane glass replacement, full window replacement, patio door repair and replacement, custom table tops, new and repaired screens.
The ideal candidate to own this business is someone with excellent sales skills and general business management experience. Prior glass experience is not necessary, in fact, the current owner had no glass experience when he purchased the business. Making for a smooth transition, there is a staff of 6 employees in place that are competent in delivery, installation and any custom fabrication required. In accordance with the current business model in place, the new owner would focus on quotes and estimating, and also foster and develop relationships with glass suppliers, contractors, interior designers and home owners. Being customer oriented and being able to think quickly on your feet in regard to sales volume and profit margins makes this business fun and exciting.
This is a business where approximately 80% of the revenue is derived from sales, delivery and installation. Approximately 20% of the revenue is derived from in-house custom glass fabrication. All work performed in-house is simply a revenue driver for larger, more profitable jobs. In fact, consider there is almost one million in annual gross sales, while there is presently only about $10,000 of inventory in the shop.
Revenue from the glass business is comprised of 75% commercial and 25% residential customers. There is a lot of repeat business and there are some very high profile commercial clients.
Seller is so confident of new buyer’s success that Seller is willing to accept a down payment of $350,000 and provide seller financing for the remaining portion. However this business is pre-approved for SBA Financing to a qualified Buyer, in which case the Buyer would only need between 15% and 25% of the purchase price for a down payment. The profitability and price put this business in the “sweet spot” of small business sales as a new owner can easily service the SBA debt and still be compensated well over 6 figures.
The business has an outstanding reputation for integrity, honesty and excellent service, and attention to detail. This glass business is a turnkey business as the staff, reputation, accounts and all vehicles and equipment necessary to operate the business are included in the sale. Seller will provide 30 days of operational training included in the sale of the business.
|Competition:||Being in business since 1992 this company has found its niche.|
|Growth Potential:||Established accounts lead to more growth every year. Also potential to enter into higher risk/higher reward projects.|
|Training/Support:||Full training provided.|
|Seller Financing:||Pre-approved for SBA loan to a qualified buyer. Would need $100K down.|
|Sale Reason:||Semi-Retirement and interest in working in non-profits|
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