Specialty Glass - Brooklyn

Brooklyn, NY (Kings County)

Seller Financing Available
Specialty Glass - Brooklyn

Asking Price:$450,000

Cash Flow:$127,000

Gross Revenue:$820,000

EBITDA:$127,000

FF&E:$350,000

Inventory:$50,000*

Rate/Sq. Ft.:N/A

Established:1985

*not included in asking price.

Specialty Glass - Brooklyn

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Business Description

This company is a leading manufacturer of bent glass in New York City.

In its 30-year history, the company has worked with over 5,000 clients in the architectural, design, and custom lighting communities, provding glass for lighting, display cases, brownstone windows, laminated revolving doors, museum installations, and many other applications. The company also has expertise in antique restoration.

Sales have increased steadily over the past three years, from $740,000 in 2013 to $820,000 in 2015. In 2015, seller discretionary earnings were $127,000.

The employees include a shop foreman and business manager. The owner does not work in the factory on a day-to-day basis. He focuses on business development and growth.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
7,000
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company's 7,000 square foot facility is located in Brooklyn and is equipped with multiple ovens and over 4000 steel molds. The company has a long-term lease and positive long-standing relationship with the landlord.
Competition:
The company has a long-standing reputation for quality craftsmanship, in-depth knowledge, and hard-to-replicate skill sets which allow the company to handle challenging jobs that other companies cannot take on. It is the only company in the United States that fabricates both single radius cylindrical bends and compound bow-shaped bends.
Growth & Expansion:
The company is highly regarded and is experiencing steady growth. To further build the company, a new owner could develop turn-key sales and marketing programs, add a salesperson, and add new products including tempered, or safety, glass.
Financing:
Available to qualified buyers
Support & Training:
The owner wishes to retire, but is completely committed to a smooth transition for the new owner. He will be flexible and is open to a consulting arrangement. Experience in glass manufacturing is not required.
Reason for Selling:
Retirement

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Sally Anne Hughes, MBA, CBI

Business Listed By:
Sally Anne Hughes, MBA, CBI

Hughes Klaiber LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The New York Association of Business Brokers (NYABB).

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