Listing ID: 78787
This established glass company provides sales, installation, and repair of commercial, residential, and auto glass products.
- Asking Price: $875,000
- Cash Flow: $350,000
- Gross Revenue: $3,250,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $125,000
- Inventory Included: Yes
- Established: 1980
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Excellent facility central to its market area.
Owner will supply transition training.
The business is dominant in its market, with a long-established history and solid workforce.
The business can expand its sales offices into new markets for additional growth. 2020 was a outstanding year and the company is beginning 2021 with booked orders of $2.4M.
The business was started in 1980, making the business 42 years old.
The sale shall include inventory valued at $125,000, which is included in the asking price.
The business has 15 FT / 5 PT employees and resides in a building with estimated square footage of 4,000 sq ft.
The property is leased by the business for $2,916.67 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. However, the genuine reason vs the one they say to you might be 2 totally different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, current reduction in revenues, or a variety of various other factors. This is why it is very vital that you not count completely on a seller's word, yet rather, utilize the vendor's solution along with your total due diligence. This will repaint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that profit margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new clients? Most times, businesses have repeat clients, which develop the core of their daily revenues. Specific aspects such as brand-new competition growing up around the location, road building and construction, and also personnel turnover can influence repeat consumers and also negatively impact future revenues. One vital thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the greater the possibility to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the local average home income effect future income prospects?