Under Contract - Turn-Key Glass Installation Co,- 19+ Years In Biz

Austin, TX (Travis County)

Under Contract - Turn-Key Glass Installation Co,- 19+ Years In Biz
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Asking Price: $3,490,000

Cash Flow: $900,052

Gross Revenue: $5,869,886

EBITDA: N/A

FF&E: $25,000

Inventory: $60,000*

Established: 1999

*not included in asking price.

Under Contract - Turn-Key Glass Installation Co,- 19+ Years In Biz

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Business Description

This turn-key company is primarily engaged as a full-service glass, storefront, mirror and shower installation and replacement contractor. They service commercial projects as well as residential customers in Central Texas.

The Company has been in business for 19+ years and has an amazing reputation with many repeat customers and very diversified customer list.

Majority of the team (40+ employees) has been with company 5+ years and runs day to day operations from Human Resources to Sales to Installation. A new owner does not need specific industry experience to successfully run the company.

This listing will not last long. There are very few companies with this stability, historical performance, and team available for sale. SBA Pre-Approved.

Detailed Information

Inventory:
Not included in asking price
Employees:
42
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
20,000 Sq Ft with 3,500 dedicated to office located in Austin, TX. Monthly Lease $9450.
Growth & Expansion:
Many opportunities for growth with new owner.
Financing:
Lease has option to extend
Support & Training:
Current owner wants to ensure a successful transition. He believes it is not necessary with the team in place, but he is willing to train for 90 days as follows: Days 1-30: Up to 40 hours a week of training, Day 31-60: Up to 24 hours a week of training, Day 61-90: Up to 10 hours a week of training, Additional training/support beyond 90 days will require compensation, but is unlikely to be needed.
Reason for Selling:
Owner is Retiring
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(from currently available funds)
 
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Alex Khabbaz

Business Listed By:
Alex Khabbaz

Texas Business Brokers

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Sponsoring Broker:
Mike Feinman, Managing Partner

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