100 Year Old Glass Contractor Independent GM

Chicago, IL (Cook County)

Seller Financing Available
100 Year Old Glass Contractor Independent GM

Asking Price:$835,000

Cash Flow:$197,236

Gross Revenue:$2,274,350

EBITDA:N/A

FF&E:$200,000

Inventory:$31,000

Established:1922

100 Year Old Glass Contractor Independent GM

Get Financing Save Print Share Valuation Report

Business Description

For about 100 years this Company has provided glass contractor services to both commercial and residential customers in the Greater Chicago area and beyond. The Company currently operates under the leadership of a full time general manager and the owner is absent from day to day operations focusing solely on high level strategy with the GM.

The financials represented here reflect unadjusted EBITDA – no add backs or adjustments have been made to 2014 and 2013 figures. If a new owner wanted to run the business he would save about $70,000 in salary expense by replacing the GM.

The Company maintains relationships with long term customers that include public utilities, public and private medical institutions, corporations, retailers, property managers and more. Some customers have been doing business with the Company for over 30 years. The Company is well established generating a steady flow of inbound business liberating the Company from potentially costly marketing expenditures.

The glass contracting industry is growing quite significantly, driven by the increasing aggregate value of commercial and residential property values and overall construction spending. In fact, IBISWorld projects that this industry will grow on average at approximately 4.3% per year through 2020. This Company is a division of a larger multi-region commercial glazier that is divesting of this division to its resources on the growth of their core business even as this division grows.

The Company has been bought and sold by corporations and private equity buyers during its lifetime and was acquired by the seller about 5 years ago. Today the Company is ideally suited for acquisition by a private equity group as a standalone platform investment or add-on acquisition, a corporate strategic buyer seeking to add a Chicago region or bolster its labor force with experienced workers, or simply an owner operator looking for a solid Company that can endure the test of time.

The Company’s revenues are up year over year and it expects this growth to continue this year and next.

Detailed Information

Inventory:
Included in asking price
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Financing Available for Qualified Buyer
Reason for Selling:
Divestiture

Listing Statistics for Premium Members

Ad#:1210942 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell 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.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Domenic A. Rinaldi

Business Listed By:
Domenic A. Rinaldi

Sun Acquisitions

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings