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Residential & Commercial Glass Company

South East

Residential & Commercial Glass Company
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Asking Price: $3,800,000

Cash Flow: $995,100

Gross Revenue: $8,150,000

EBITDA: $930,000

FF&E: $427,000

Inventory: $200,000

Real Estate: $1,125,000*

Established: 1992

*not included in asking price.

Residential & Commercial Glass Company

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Business Description

The company has been in operation over 25 years in the Southeast. They provide a wide variety of after paint products and services including all types of glass, mirrors, shower enclosures, closet systems, bath & door hardware as well as commercial storefront systems. With a background in customer service, the owners pride themselves on providing an excellent experience for their customers and the communities they serve. 2018 was an unusually rainy year which postponed many jobs for the company pushing down profits but left them with the largest backlog ever - over $3 million in contracts plus an additional $1 million in quotes - therefore the financials presented are management estimates for 2019.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
17,650
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company is located in a 17,650 square foot building. The building and land are for sale or lease with the Company. The monthly lease amount would be $7,692. The purchase price for the building and land would be $1,125,000.
Competition:
The Company has a normal level of competitors.
Growth & Expansion:
The Company is making no efforts to truly grow the business and its current growth is mainly just business called in by word of mouth. With increased marketing, given the current growth rates for the markets where the Company operates, there are opportunities to significantly grow the Company.
Support & Training:
The Seller is willing to work a reasonable transitional period up to one year.
Reason for Selling:
The owners are ready to pursue other interests.
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David R. Still

Business Listed By:
David R. Still

Capital Endeavors, Inc.

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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