Listing ID: 71307
SALES UP $800K OVER THIS TIME LAST YEAR. NOW PUSHING OUT OVER 150 WINDOWS PER WEEK WITH PLENTY OF ROOM FOR GROWTH. BUSINESS CAN COMPLETELY RUN ITSELF ABSENTEE (CURRENT OWNER CAN LEAVE FOR YEARS AND BUSINESS WILL RUN ITSELF UNDER SKILLED EXISTING MANAGEMENT).
A thriving window and glass manufacturer with an extensive NATIONWIDE customer base. THEY HAVE BEEN GROWING THROUGH THE PANDEMIC! They currently have a $500k backlog and just hired 2 more people.
INCLUDED IN ASKING PRICE:
$300k machinery and hardware
$500k backlog through next year!
Comes with over 500 Customer accounts including multiple US federal Government orders.
Established by the current owner in 1986, this asking price INCLUDES a massive 24,000 property conservatively valuing around $900k. Four loading docks and all in EXCELLENT condition. All employees dedicated and committed to staying.
Manufactured products include everything from standard high-rise windows to blast resistant glass designed to protect against explosive forces. Over the last 3 decades they have developed numerous proprietary manufacturing techniques that put them way above the competition.
Buyer should have some knowledge of manufacturing. THIS BUSINESS WILL NOT BE AVAILABLE FOR LONG. Contact us immediately for all info, financials and to speak with owner.
- Asking Price: $2,500,000
- Cash Flow: $350,000
- Gross Revenue: $180,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $343,000
- Inventory Included: Yes
- Established: 1986
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:24,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
3.5 Acres. 1 Floor, 24,000 Sq Ft. Loading dock, 4 over-head doors, 480 volt 3-phase. Building and grounds in EXCELLENT condition.
Full and comprehensive, 2-3 months but open to discussing longer if needed.
“I’m 70 going on 90” - Owner
There are other window manufacturers but few as tried and seasoned as this one. This business has survived and thrived with authority throughout every economic crisis and climate for the last 34 years.
Owner has never offered COD, credit terms or financing. Industry experts who have looked at this business have roughly forecasted that by 'offering financing / payment plans / credit terms to customers it could increase sales by 10x or MUCH more'. Billion dollar competitors in the space ALL offer financing plans / credit terms to customers. Also, there is currently a complete lack of marketing/digital effort which affords a new owner with MASSIVE growth potential. Even something as simple as a basic google AdWords campaign is expected to potentially bring in MILLIONS in additional revenue over the next 5 years. Basic SEO efforts should make this business much more 'findable' for customers searching for windows and metal manufacturing.
The venture was started in 1986, making the business 36 years old.
The transaction shall include inventory valued at $343,000, which is included in the requested price.
The business has 6 employees and is situated in a building with approx. square footage of 24,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is very important that you not count entirely on a seller's word, yet rather, utilize the seller's solution together with your total due diligence. This will paint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new customers? Most times, operating businesses have repeat customers, which develop the core of their daily revenues. Certain elements such as new competitors sprouting up around the area, road construction, and employee turn over can affect repeat customers and also negatively affect future earnings. One important thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to build a returning client base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Exactly how might the local average house income effect future revenue potential?