Luxury Glass & Mirror Contractor $699,000

Asking Price$699,000

Cash Flow
$420,000

EBITDA$390,000

Gross Revenue$4,158,053

Inventory$20,000
Included in asking price
FF&E$190,000
Included in asking price
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Luxury Glass & Mirror Contractor $699,000


Asking Price$699,000

Cash Flow
$420,000

EBITDA$390,000

Gross Revenue$4,158,053

Inventory$20,000
Included in asking price
FF&E$190,000
Included in asking price
Business Description
The owner of one of Los Angeles Counties’ leading Glass Contractor wants to retire. The owner is willing to remain during a transition period, if requested. The business has successfully navigated through multiple economic cycles, and market downturns over nearly 5 decades of continuous operation. The business has built a long-standing reputation for craftsmanship, and dependability.
Their client base consists of high-end homeowners, in a luxury marketplace. They are well versed in all glass-related home products, including new and upgraded windows, doors, showers, and other glass-related products. They typically work as sub-contractors with a host of General Contractors and select architects. Many of their clients have been with them for years. Their market is dominated by high-end luxury homes, both new and re-model construction.
They have operated for decades within the market area of the recent tragic coastal fires. Nearly 7,000 structures were destroyed by fires, likely generating years of restoration work along much of the Southern CA coast. The enormous scope of the fires coupled with political pressure are short circuiting much of the standard complex permitting process, thereby accelerating the rebuilding process.
The business has a staff of highly trained, long-term employees willing to remain with the new buyer. Given the custom nature of their remodels and new home designs, most of their products are custom ordered. Consequently, there is little need to carry a costly inventory of products.
Their geographic market area has some unique characteristics that present a set of stabilizing business factors. The rebuilding of thousands of fire damaged homes within their market area, have created distinct opportunities not otherwise present in most other markets. These circumstances are likely to mitigate any potential risk of a real estate slowdown in the new and re-model home markets and lessen the impact of a potential recession.
A C-17 & glazing license is required, although the current owner could potentially provide his license as a new owner secures their own.

This would be a great acquisition for those contractors, already in the glass industry. Leveraging the strong reputation of this business would permit them to quickly engage in the important work of rebuilding an entire community.
This is also a great option for general contractors who currently sub-out their glass work. Especially those interested in pursuing fire related work. It would permit them to vertically integrate glass work into their business structure and depend less on outside resources to bid and win new business.
For additional information contact:
About the Business
Years in Operation
54
Employees
28
Currently Relocatable
Yes
Facilities & Assets
the building consist of a 1600 sq. feet of office space and showroom and a 2,000 sq. ft of a workshop. There are 11 Trucks along with a single forklift. Glass cutting equipment and glazing equipment.
Market Outlook / Competition
The business is located in a prime location within the coastal luxury market it serves. They have long-standing relationships with a number of prime contractors and architects within the community. The market they operate in highly values their local presence.
The recent coastal fires destroyed nearly 7,000 structures generating years of rebuilding work within their market area.
Opportunities for Growth
The coastal fires that damaged entire communities have generated more work than the local contractors can handle. The local contractors have a decided advantage in reputation and local presence in the area. Consequently, demand can drive substantial growth.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,600
Rent
$8,000.00 per month
Lease Expiration
12/31/2027
About the Sale
Seller Motivation
He wnats to retire after decades n the business.
Transition Support
The owner is willing to remain for a period of time between 3-6 months depending on the circumstances of the new owner. He is also willing to lend his C-17 license for a period if the new owner doesn't have one, so long as the new owner is engaged in securing one.
Listing Info
ID
2360997
Listing Views
860

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Business Listed by: Fred Mercuro Pacific Business Advisors

Listing ID: 2360997 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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