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Listing ID: 2723807

Profitable Window & Glass Company For Sale

New Haven, Connecticut, United States

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 1,840,335

Cash Flow: $ 251,805

Business Description

This is a unique opportunity to own one of the premier, full service commercial and residential window and glass sales and installation businesses serving the Connecticut markets.

The Company has consistently demonstrated the ability to generate Adjusted Earnings of over $250,000 a year. With excellent books and records, seventy-year operating history and demonstrated profitability, this business easily pre-qualified for lender financing.

Property Details

Years Established:

67

Property Type:

Lease

FF&E:

$ 50,000

Inventory Value:

$ 52,100

Other Details

Premise Details:

Located just off major N-S and E-W highways, the business operates out of a 2,950 sq ft building which is available for lease or purchase, includes show room for drive-by traffic, sales and management offices and shop for fabricating glass and aluminum framing.

Competition:

The number of glass companies in Connecticut gets smaller year after year, but this seventy-year-old, highly profitable window and glass company is not going anywhere. The owner is looking ahead to retirement, but remains active in the business. We are offering this business for a reasonable ~2X multiple of high-quality earnings.

Expansion Potential:

Steady recurring business comes from 70 year reputation in the marketplace with government, commercial and residential window and glass clients. At present, advertising expenditures are minimal to generate $1.8mm in revenues and $251K in SDE.

Operation Details

Employees:

10 FT

Trading Hours:

Mon-Fri 8am-5pm; Sat 8am-12pm

Support & Training:

Will train for 4 weeks @ no cost. The business is focused on the Commercial window & glass market (75% of revenues). 25% of revenues are from residential work, including custom frameless tub and shower enclosures, custom mirrors. Approximately 25% of the business's revenues are generated by valuable long-term maintenance contracts from large commercial clients.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Owner approaching retirement. Finding the right strategic buyer is part of the Seller’s longer-term Exit Strategy. This highly profitable business is here to stay.

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