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Listing ID: 3053625

High Growth Commercial Glass & Mirror Business For Sale

Tarrant, Texas, United States

$ 7,495,000


(Real Estate Included)

Revenue: $ 695,136

Cash Flow: $ 908,635

Business Description

Business was founded in 1999 by husband & wife. They believe that creating strong relationships with everyone from general contractors and suppliers to their valued customers is the key to success. The business associations they have established over the years have allowed them to provide their customers with unparalleled service and value. Whatever their commercial glass needs, the team is committed to exceeding their expectations. Founded in 1999 and Incorporated in 2001, this business has the experience and expertise to handle all commercial projects. In fact, their team has nearly 150 years of combined experience behind them. They are also WBE/HUB Certified. Their goal is not simply to manage their customer's next project, but to create a rapport and provide them with a level of quality and service that makes this business unique. The company has a strong backlog of more than $10M of profits that are in work with some projects extending until 2020 and beyond. Projects average over $500,000 each and take several months, on average, to complete.

They specialize in glass, fire rated glazing, curtain walls, storefronts, manual and automatic entrances, hardware, handrails and more. They have the capabilities to customize our products to meet your unique applications and needs. With a variety of options and custom selections, they can design project around functional and aesthetic desires. From design and fabrication to installation, the team can accommodate virtually all commercial glass application needs.

This business boasts a strong, healthy customer base where the bulk of its revenues are spread over a large number of accounts. In fact, its top 5 customers comprise only 46% of its 2018 revenues. It has s strong backlog of WIP (work in progress) of more than $10M that is secured by contracts that extend up to year 2020. This turn-key business opportunity also includes over $2.2M in Accounts Receivables and payables.

Property Details

Years Established:

20

Property Type:

Real

Real Estate Value:

$ 2,200,000

Other Details

Premise Details:

This 25,189 square feet real estate portfolio consists of three buildings, including a 4,464 sq ft Corporate office (2019 construction), and two warehouses that house inventory and fabrication activities of 9,525 square feet and 11,200 square feet.

Competition:

This is a premiere glass and mirror business that enjoys strong referral and repeat business based on its performance on completed project engagements. They win a significant number of the projects that they bid.

Expansion Potential:

Business does virtually no advertising nor marketing and relies on word of mouth referrals and repeat business. They spend less than $500 in marketing in 2018. The addition fo a sales function should drive increased revenues and cashflow for the company and will compliment the strong referral business related revenue. In inside sales function should help increase penetration of existing customers by proactively seeking additional business and referrals from their existing customer base. An outside sales function should help increase the company's profile, visibility and appeal to perspective new customers.

Operation Details

Employees:

25 FT

Trading Hours:

Monday-Friday 7am-5pm

Support & Training:

Will train for 2 weeks @ $0 cost. The successful buyer should have basic managerial and operational skills.

Miscellaneous

Financing Available:

Yes
$2,367,500 Down / $749,500 for 48 mos @ 7.5% with Other Financing.

Reason For Selling:

Owners are Retiring. They have enjoyed establishing and running this business over the past 20 years but are ready for the next chapter of leisure in their lives.

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