Listing ID: 73293
Very Profitable 25yr Old Commercial/Retail Glass&Glazer Business for sale with $250K+(3yr avg) in net earnings on $1M Sales! This 25year old company provides commercial and retail glass and glazing services to North Central AR. The glass company is the largest in the Metro Area and has a Lead Operations Manager with 12 other seasoned employees(50+ yrs combined experience). Very low operating costs and a recognized regional market leader have allowed the business to prosper and maintain close to 30% margin. The company has seen more than 25% growth over the last 10 years! With local/regional economy on the rise, 10-20% annual growth over the next several years can be expected. The company is in a very strong position to continue to grow due to the economic growth of the region and several key existing customers. There are also strong opportunities to develop new business with a website and social media marketing programs. The turnkey business is located on a major highway and a few minutes from other highway arteries in a 200K+ regional population area. Low cost of living, minimal competition and existing labor force make the location very attractive. The owner will provide extensive training and support during a 30-day transition. The business is priced at $1, 200,000 including business value of $750K(3X $250K SDE) 7000 sq ft Bldg/Ofc space on 1 acre FMV $300K, $150K A/R and over $260K in equipment and inventory! 5% down SBA financing with 20yr amortization avail today!!! Please call Jay Shrewder today for more information 918-230-9813 before this one gets away!
- Asking Price: $1,200,000
- Cash Flow: $600,000
- Gross Revenue: $1,000,000
- EBITDA: $250,000
- FF&E: $70,000
- Inventory: $25,000
- Inventory Included: N/A
- Established: 1994
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,500
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
State of Art glass warehouse w/15ft ceiling and cutting facility. Substantial storage and Corp Apt included on 1 acre of prime real estate
30 day owner transition and support
Oldest and largest in 50 sq mi radius. Very little competition on commercial side of market.
Local economy is booming and great opportunity to expand into other regional developments areas. Industry is recession proof as replacement glass growing at 20% annually!
The venture was established in 1994, making the business 28 years old.
The transaction won't include inventory valued at $25,000*, which ins't included in the suggested price.
The business has 13 employees and is located in a building with disclosed square footage of 6,500 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. However, the true factor and the one they tell you may be 2 completely different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other reasons. This is why it is really crucial that you not depend entirely on a seller's word, however instead, make use of the vendor's response combined with your total due diligence. This will paint an extra realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover points like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new clients? Many times, businesses have repeat clients, which develop the core of their everyday revenues. Certain factors such as new competition growing up around the area, road building, and also employee turnover can affect repeat customers as well as negatively affect future incomes. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional typical house earnings influence future earnings potential?