MergerPlace

Best-in Class Connecticut Glass Company

Connecticut (Fairfield)


  • Asking Price: $590,000
  • Gross Income: $1,166,288
  • Cash Flow: $222,264
  • Real Estate: $450,000
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #208138
  • Established: 1962
  • Employees: 8

Business Description

This is a gem of a window & glass company that generates steady revenues and cash flow from its reputation among architects and contractors in high-end residential and commercial markets of Fairfield County, Litchfield County (Connecticut), Westchester County (NY) and certain high-end clients in New York City and Hudson Valley (NY).
High-quality earnings and excellent books & records made it easy to pre-qualify this business for lender financing (either with or without the Real Estate).


Business Details

Primary Business Category: Construction - Building, Developing
Location: Connecticut
County: Fairfield

Company Information

Year Established: 1962
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 8

Financial Information

Asking Price: $590,000
Gross Revenue: $1,166,288
Cash Flow: $222,264
FF&E: $50,000
Real Estate: $450,000
Seller Financing Available: No

Property Information

Facilities:

Real Estate is available for lease ($2,977/mo NNN) or purchase ($450,000). 3,228 sq ft commercial building includes workshop, administrative offices and sales space. Reason for Sale Owner is looking to retire within the next five years and can work with new owner to transition the business.

Growth & expansion opportunities:

At present, the business incurs no advertising and marketing expenses. Under new ownership, there is room for growth from marketing and advertising. Also room for growth by entering into untapped markets (large-scale commercial window placement) or even auto glass.

Competition:

The number of glass companies in Connecticut gets smaller every year, but this Company continues to thrive from its reputation in the higher-margin segments of the industry.

Reason for selling:

Owner is looking to retire within the next five years and can work with new owner to transition the business.

Support & Training:

Will train for 4 weeks @ no cost This business generates ~50% of revenues from bathroom glass (doors and mirrors), ~30% of revenues is architectural glass (glass railings, etc) and ~20% from replacement windows and glass needs of its vicinity's market where it has been a well-known fixture for nearly 60 years. This best-in-class Connecticut window & glass company does not compete in the low-margin auto glass market, largely avoids the labor-intensive residential and commercial window replacement market. Most if its revenues come from its reputation with architects and contractors to sell and install higher-margin glass installations including shower doors and architectural glass. This business's reputation for customer service and expertise in high-end bathroom and architectural glass has steadily expanded its market area beyond Fairfield County (Connecticut) allowing it to "cherry pick" high-margin projects in the well-to-do markets of Coastal Connecticut, Litchfield County (Connecticut), Westchester County (NY), Hudson Valley (NY) and even (when the project is right) Manhattan.

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Business Listed By:

Alan Zinser

Murphy Business Brokers