Business Overview

Since 1993, this leading, high quality glass repair and replacement, service company has had a reputation for outstanding work and on-time performance. The Company has a loyal customer base with 95% of the clientele being residential and 5% commercial. The service area covers, Atlanta and the surrounding area, approximately 30 miles outside I?285. The Seller is ready to retire, and a buyer with industry experience, can walk into this 28 year-old business with no money down!
INVESTMENT HIGHLIGHTS:

• No Money Down for Qualified Buyer with Industry Experience
• Homebased, Very Little Overhead
• Well Established and Outstanding Reputation

GROWTH OPPORTUNITIES:

• Add Additional Crews: The current owner manages the business to his lifestyle, with one crew, and turns down work beyond what that crew can handle. A new owner could easily add crews, capitalizing on the 28-year reputation the Seller has built.
• Targeted Marketing: Over the last several years, the only marketing the seller has done has been via the company website. A new owner could implement targeted email, such as Eblast marketing and mailers as an effective channel for targeting homeowners and more real estate agents, to grow residential accounts. The same concept could work for growing the commercial clientele as well

Financial

  • Asking Price: $410,000
  • Cash Flow: $182,712
  • Gross Revenue: $477,551
  • EBITDA: N/A
  • FF&E: $13,707
  • Inventory: $4,000
  • Inventory Included: Yes
  • Established: 1993

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home-based (Home Based)

Is Support & Training Included:

Seller is willing to train to ensure a smooth transition.

Purpose For Selling:

Retirement

Home Based:

This Business Is Home Based

Additional Info

The venture was established in 1993, making the business 29 years old.
The transaction will include inventory valued at $4,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is very essential that you not rely completely on a vendor's word, yet instead, make use of the seller's answer combined with your overall due diligence. This will paint a much more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new consumers? Often times, operating businesses have repeat consumers, which create the core of their day-to-day profits. Certain aspects such as new competitors sprouting up around the area, roadway building, and also employee turnover can affect repeat customers and adversely affect future profits. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the opportunity to build a returning customer base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local average house income effect future earnings prospects?