37407-Commercial-Residential Glass Repair-Installation

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Asking Price:
$1,150,000

Gross Revenue:
$2,000,000
Cash Flow:
$340,000
EBITDA:
$300,000
Inventory:
$40,000
included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Projected 35% growth in 2016! Located in South Central Virginia this specialty trade contractor engages in full-service glass installation and repair for commercial and residential customers. The company’s primary products are store fronts, curtain walls, and multi-story curtain walls for large commercial buildings. Offering these products and services requires a facility to store glass, specially designed vehicles to transport glass panels safely, and skilled personnel and installation equipment. This glass and glazing contracting company has a proven track record, supported by its long standing relationships with local construction companies, and the many testimonials written by their residential customers. This company has serviced the local and surrounding area for over 60 years and is currently experiencing a strong increase in sales.

New commercial construction accounts for 90% of the company’s window and glass sales and installation, while 10% is derived from residential services. To increase sales, a new owner might consider increasing residential sales efforts or adding automotive glass replacement to services offered. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Financial data represented are 2016 projections, a back log has already been started for 2017 as well. For more information on this profitable company, contact IAG offices today.

About the Business

Year Established:
1954
Number of Employees:
12
Facilities:
The company operates from a 5,518 square foot facility including shop area, storage, office space and a lobby. The property is owned with the option to lease or purchase.
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About the Sale

Reason For Selling:
Approaching retirement.
Training/Support:
They key employees will most likely stay on after the sale. The owner will be available for a reasonable transitioning period as he approaches retirement.

Listing Info

ID:
1281505
Ad Detail Views:
552

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$
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U.S. Census Data for Virginia
Age

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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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