Asking Price: $995,000

Gross Revenue: $1,562,000

Gross Revenue Comments: 3 yr avg 06-08

Cash Flow: $351,000

Cash Flow Comments: 3 yr avg 06-08

Inventory: $30,000 (Included in Asking Price)

FF&E: $200,000 (Included in Asking Price)

Real Estate: $750,000 (Not Included in Asking Price)

Seller Financing: SBA Loan and Seller Financing available to qualified buyer with $200k cash down

The Hatteras Group is pleased to represent a regional specialty contractor for glass, mirrors, windows and doors. The company has been established for over 25 years as a fabricator and installer of residential and commercial glass products that include storefronts, windows and doors. The company primarily serves Western NC but for select customers they travel to complete jobs around the Southeast. Customers include builders, Commercial GCs, industrial and public sector accounts. While the Company does bid on some jobs, most of their work is negotiated with contractors and owners who have become regular, repeat customers. The company has the experience and reputation to take on high profile projects such as historic renovations and new construction of state facilities. The Owner seeks to sell the business and retire in the area while assisting a new owner to continue to grow this successful business. With an experienced staff, a quality reputation, key managers in place and a pipeline full of new projects, this company represents an opportunity for significant growth and financial returns. With a history of satisfied customers and high profile projects, the company is well positioned to grow and succeed in this dynamic industry for the foreseeable future.

Acquisition Highlights;
Revenues of $ 1.691 MM in 2007, $1.6MM projected for 08
3 year average growth rate of 18% per year
SDE of $ 444,829 in 2007
3 year average SDE of $ 351k (’06-’08)

Year Established: 1985

Employees: 12 full time -

Facilities: 14,000 sq.ft, available for lease from Seller. Ample space for growth, quality location. Market lease is $6,500/month.

Reason For Selling: Retirement (no, really!!)