Business Overview

This Glass company has been around for over 45 years. Its become available for sale for the first time ever. Servicing all of New York City, Westchester, and Long Island on all types of Commercial and Residential jobs. They have several house accounts ranging from Hospitals, Colleges and Universities, Office Buildings, General Contractors, and the list goes on and on. They specialize in everything that has to do with Glass like mirrors, shower doors, custom cut glass, storefronts, windows, panels, etc. There are very few companies in New York that have been around this long and have the best reputation around in the industry, and that’s why you should buy this very niche, highly profitable business. This a great opportunity for anyone in the home remodeling business or handyman or anyone already in the glass business. There are 4 full-time glaziers, and the owner handles the phones, billing, and appointments. The owner will stay on for as long as needed for an ample transition. The caveat to this deal is the Property is for Sale for an additional price with other income tenants making this a Home Run opportunity and a perfect scenario for a SBA Deal. The business is operated out of a 2500 sqft showroom and custom workshop loaded with multiple heavy duty machines such as:
2 Polishing Machines (1-1/4 inch machine and 1-1/2 inch)
1 Glass Washing Machine
1 Beveling Machine
2 Insulation Machines
1 Tilt Air Glass Table
2 Glass Transporting Vans
Lots & lots of Hand tools for cutting and designing glass.
$20,000 Worth of Glass and Mirror included in the asking price
$15,000 Worth of Hardware, Hinges, and Accessories also included in the asking price.
THIS TRULY IS A ONCE IN A LIFETIME OPPORTUNITY!!! For More Info Call Bob Patel at 917-642-6400 or email at Bob@EastCoastBusinessBrokers.com

Financial

  • Asking Price: $450,000
  • Cash Flow: $151,600
  • Gross Revenue: $850,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Seller willing to train new buyer

Purpose For Selling:

Other business interests

Additional Info

The property is leased by the company for $7,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the true reason and the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a range of various other reasons. This is why it is very vital that you not depend totally on a vendor's word, but instead, utilize the seller's solution along with your general due diligence. This will repaint an extra reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract brand-new clients? Often times, businesses have repeat customers, which develop the core of their everyday profits. Specific aspects such as brand-new competitors growing up around the location, road building and construction, and also personnel turn over can affect repeat consumers and negatively impact future revenues. One crucial thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the neighborhood mean household income impact future earnings potential?