A product that is needed Nationwide Fiberglass Deck and Stair Railing

Mukilteo, WA (Snohomish County) (Relocatable)

Seller Financing Available
A product that is needed Nationwide Fiberglass Deck and Stair Railing
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Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: $700,000

EBITDA: $140,000

FF&E: $1,000,000

Inventory: $75,000

Rent: $7,720 /Month

Established: 1998

A product that is needed Nationwide Fiberglass Deck and Stair Railing

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Business Description

Glasrail is able to sell nationwide with no competition!

Glasrail is a Fiberglass Deck and Stair Railing manufacturer out of the Seattle, Washington area. We have been in business since 1998 and have sold to most states throughout the U.S.. We own all the machinery and are able to produce product much quicker and less costly than other railing systems made with different material. Fiberglass does not rust, rot, or corrode, along with being nonconductive. With fiberglass having all its advantages, and having no other competition throughout the U.S., gives you advantage of endless opportunity. Other states has dozens if not hundreds of metal railing suppliers, but with Glasrail's patents and tools made to produce the product this gives Glasrail the advantage of no competition. The business can stay in Washington or it can be moved to another area of the country. Glasrail is very price competitive compared to other railing material and passes all International Building Codes. With aluminum or steel railing only lasting 5-7 years on the coastline and Hawaii, fiberglass railing is an obvious choice and an easy sell. All rail is coated with a UV resistant urethane coating.

Detailed Information

Location:
Mukilteo, WA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Glasrail is poised for production. All equipment and production tools have been paid off and owned by Glasrail. Over 25 steel or aluminum tools for injection molding and/or fiberglass pultrusion. Glasrail owns 2 custom built drilling machines, electrostatic paint machine with 350' belt driven supply line, and a 32' paint booth. Heated 8,000 sq.ft.bldg., 2 loading docks, 4 enclosed offices, 3 desk bullpen, lunch room, 2 bath, 30'+ ceilings, 440-3 phase and is a modern building in commercial area. All office furniture, electronics. phones are included.
Competition:
There is no fiberglass railing competition. We have projects in Hawaii that have been there for over 17 years and they are still going strong. No other railing will withstand this corrosive salt environment. Representation in Hawaii and southern coastal states would be a gold mine. We are located just North of Seattle and ship nationwide which has never been an issue. Glasrail is very competitively priced and in many cases less costly.
Growth & Expansion:
Originally I purchased multiples of main production equipment to be placed on the West and East Coast. All coastal areas are prime areas for fiberglass railing. Fiberglass will never, rot, rust or corrode. There is no competition for Glasrail. Vinyl railing does not have the strength, aluminum corrodes, steel rusts, wood rots..
Financing:
150000 down, 5000 per mos @ 5% interest
Support & Training:
General manager has been here for 15+ years and is willing to stay with the company to supervise and train. He is efficient with painting, all the equipment, bidding, selling, CAD, material ordering, hiring, maintenance, and has social phone skills. Training new employees isn't a difficult task.
Reason for Selling:
I am too old and would like to retire so I can have a few years to relax.
Business Website:
http://glasrail.com
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Business Listed By:
Jack Junell

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