MergerPlace

Shower Door and Glass Company For Sale

Connecticut (Fairfield)


  • Asking Price: $490,000
  • Gross Income: $1,015,471
  • Cash Flow: $194,373
  • Real Estate: $450,000
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #208138
  • Established: 1962
  • Employees: 8

Business Description

Over 60% of revenues comes from the sale and installation of shower doors, mirrors and bathroom glass to high-end residential markets in Fairfield County, CT and Westchester County, NY. With a six-decade reputation this is the go-to business of high-end residential contractors and architects. Virtually no advertising expense, good books and records, excellent employee culture. Other revenues are generated from the sale of window and glass.

Excellent books and records, high-quality earnings, strong employee culture, great customer loyalty. Bank pre-qualified.


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: $490,000
Gross Revenue: $1,015,471
Cash Flow: $194,373
FF&E: $50,000
Real Estate: $450,000
Seller Financing Available: Yes

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 three years and can work with new owner to transition the business.

Support & Training:

Will train for 4 weeks @ no cost This business generates 60% of revenues from shower doors, mirrors and bathroom glass (doors and mirrors), 20% 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 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. 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