Listing Number: 12451-343088
Description
Consistent Growth / Real Estate Available / Operating 40+ Years / Owner Retiring
Operating successfully for over 40 years, this glass installation and repair shop does it all, thus providing a diverse and consistent revenue stream. The business, located in southeast Virginia, provides repair and installation services for commercial, residential, auto, marine, heavy equipment, seamless shower glass and more. They offer on-site, mobile and drop-off so their customers can choose their preferred method and budget. Having been in the area for over 40 years, this business has great name recognition and many past and ongoing happy customers. With their reputation for customer satisfaction, local brand awareness and plenty of potential for growth, a new owner could take this business to the next level.
Key Investment Considerations:
•$1,544,709 Gross Revenue•$565,523 Discretionary Earnings (does not include rent paid ($45,503), seller owns building)•$180,000+ Current Asset and Inventory Value Included(including 5 vans and an A-frame glass rack and much more)•Real Estate Available (ask $650,000)•SBA Pre-Qualified (18-year amortization if the available real estate is also acquired)•Consistently High Growth Rates the Past Few Years•Owner Retiring•Turnkey Business•Be Your Own Landlord•Potential for Semi-Absentee Ownership•Diverse Revenue Streams•Serves Many Industries (commercial & residential real estate, marine both personal and commercial, auto, heavy equipment, seamless shower glass and more)•Experienced Technicians and Management in Place•Experienced Seamless Glass Technician•4 Weeks Transition and Training for No Additional Cost
*As always brokers please bring your qualified buyer’s
Listing Details
- Price: $1,200,000
- Down Payment: $1,200,000
- Sellers Discretionary Earnings: $565,523
- Total Sales: $1,544,709
- Location: Virginia
- Inventory: $50,000
- FF&E: $130,000
- Employees: 12
- Reason for Selling: Retirement
- Category: Glass,Construction,Manufacturing
