$4M Down, Gets $5.1M in Assets/Real Estate Debt Free Niche Mfg. Biz,

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Commercial Glass and Window Casings Business - with Real Estate. Business and Re
Asking Price:
$5,100,000

Gross Revenue:
$2,400,000
Cash Flow:
$740,000
EBITDA:
$740,000
Inventory:
$300,000
included in asking price

FF&E:
$1,900,000
included in asking price

Real Estate:
$3,000,000
included in asking price

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Business Description

2019 Cash Flow will be over $1.1M on over $4M in Sales based or contracts in place vs. this time last year.
2017 Cash Flow was 728,754 on sales of 2,393,498, Large Niche Manufacturing Commercial Glass and Window Casings Business - with Real Estate. Business and Real Estate (Over 28,000 SF Bldg.)
CBG will pay a $20,000 finder’s fee/commission to anyone you refer this deal to who closes on it.
$4M Down, Gets $5.1M in Assets/Real Estate Debt Free Niche Mfg. Biz, Cash Flows $750K. North Denver, New Business for Sale, Colorado,
Selling for just the Assets Value of the Hard Assets - Real Estate worth 3,000,000 and Business assets alone worth over 2,250,000
(This includes 1.75M in State-of-the-Art Machinery, 250K in Inventory, $200K in Solid
Accounts Receivables and Cash.) The Business will Transfer Completely Debt Free
30 Yr. Old Large Niche Glass Manufacturing Commercial Storefront, Doors, Windows, Fabrication, Drafting, and Brake Metal business - with Real Estate. (Since 1989)
The Sales Price of the company AND real estate is $5,100,000, but the seller will carry up to $1,000,000 of that sales price for 3-4 years for a qualified buyer. This business will qualify for an SBA loan, but the buyer must have at least $800,000 of their OWN liquid funds available to put down. Again, the buyer gets $5,000,000 in real estate and hard assets for $5,100,000 sales price. 15,000 SF of the 29,000 SF is
2018 Cash Flow 597,488 (through 11/18) on sales of close to 1,971,585
2017 Cash Flow was 728,754 on sales of 2,393,498
2016 Cash Flow was 721,069 on sales of 2,187,723

The cash flow and overall profits would have been much greater over the past 3-4 years, but the seller has invested over $1.8M into the new building construction and in significant new machinery and equipment. He forfeited greater past profits for much better long-term improvements. Currently, the company has over $1.7M in debts from these improvements, and the seller will pay off all debts at closing, again, to ensure that the business will cash flow much better since there will be no debts on the balance sheet. (See all company financials for the past 5 years including tax returns in the data room we can email you.)

Please email to request and receive entire electronic sales packet with 4 years of income statements, tax returns, balance sheets, and a detailed video of the entire operation and a full interview with the owner on all aspects of this offering.

The seller will stay on for 3-4 months (or however long the buyer requires within reason) to ensure a smooth and orderly transfer of the entire company operations to the new owner and provide a solid blueprint and assistance for fast growth going forward.
Critical Points to Understand:

What We Do: We have a 28,000 ft.² manufacturing facility which is the largest of its kind in Colorado that can custom fabricate any type of window and door casing for commercial buildings. For over 30 years now we have completed over 80,000 jobs ranging from a small retail storefront to a large medical center and even the largest high-rise commercial buildings in downtown Denver. We can fabricate/manufacturer any system for easy installation for our customers, making their fabrication cost a line item instead of an unknown. There are hundreds of glaziers in the Front Range, we service and provide products and solutions for all of them. There are very few companies locally and nationally that can provide a complete one-stop solution like us.

We offer a variety of glazing systems as well as a full line of commercial doors and windows, brake metal products and a state-of-the-art fabrication facility. We offer comprehensive Drafting & Engineering services. From design through finished product, our quality and performance make us the first choice for commercial window and door glass installations.

About the Business

Location:
Denver, Colorado
Year Established:
1989
Number of Employees:
15
Real Estate:
Owned
Building Sq. Ft.:
28,000
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About the Sale

Training/Support:
New Owner Skills Needed: The new owner will require no specific manufacturing experience since our workers know how to run themselves. However, it is encouraged that the new owner should take the time to be a full-time, hands-on manager/operator (at least for the first year to learn the business). He/she should have good management skills, know how to work with people, be highly motivated/high energy, strong with financials, be aggressive in general, and wanting to grow the business going forward. The seller is very desirous of finding someone to take over the business and take it to the next level, where it is projected to go.

The Ownership Transition: In terms of this business transaction, we envisioned that the new owner would create a new role of sales and business development, which we have never had. We have everything in place to grow to 10M-15M, we just need more sales and someone to drive the efforts to bring it in.
Seller Financing:
Seller will Carry up to $1.1M

Listing Info

ID:
1576044
Ad Detail Views:
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Paul Olsen

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License# ER.040043531

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