MergerPlace

Premier Commercial Glass Contractor

Florida (Palm Beach)


  • Asking Price: $3,500,000
  • Gross Income: $6,007,642
  • Cash Flow: $1,112,448
  • Real Estate: Not Disclosed
  • Inventory: $10,129
  • FF&E: $127,965
  • Listing ID: #211414
  • Established: 2007
  • Employees: 30 FT

Business Description

South Florida's Premier Commercial Glass Contractor. Since 2010 the company has been specializing in providing quality installation of Commercial Glass for buildings, car dealerships, storefronts & more. The company enjoys an impeccable reputation for excellence & outstanding customer service. No major customer concentration with their GC clients. Experienced sales team, installers, admin and foreman's in place. One of South Florida market leaders in this category. 2018 EBITDA will exceed over $1 million. All PL/BS are Reviewed Financials. Strong pipeline in place for 2019.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Florida
County: Palm Beach

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 30 FT

Financial Information

Asking Price: $3,500,000
Gross Revenue: $6,007,642
Cash Flow: $1,112,448
FF&E: $127,965
Inventory: $10,129
Seller Financing Available: No

Property Information

Facilities:

Located in NE Broward in a Warehouse Development. Rent is currently $7639/month for 9000+ Sq ft. Current Lease expires on May 2021. Complete lease on file.

Growth & expansion opportunities:

A new owner can grow the business by Increasing their bidding on commercial projects by selectively recruiting estimators, project managers and operation personnel with an established local track record. Utilizing sub-contractor window installation crews to be more competitive and capture some of the new residential market (single family, multi-unit, etc.) Start a dedicated service department to provide residential/commercial glass replacement, door/window repair and insurance claim repair work.

Competition:

Most of their competition is competitive bid contractors who win a majority of their work on lower numbers. This seller’s return rate allows for negotiating a majority of the work, resulting in higher margins. In addition, while a great portion of the competition has pigeon holed them into certain sectors of the market, this company has maintained an open mind on types of projects to work on, as long as the margins can be maintained.

Reason for selling:

Partnership Split.

Support & Training:

Will train for 4 weeks @ $0 cost. Performs the following installations: Storefronts, Curtain walls, Sliding glass doors, Storefront doors, Custom Interior, Custom exterior, Over sized glass, Design consultation and engineering, Weather sealing, Water Infiltration detection & remediation. Required license is either individual county or State of Florida competency certificates. This company operates under a State of Florida certified general contractors license.

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Business Listed By:

Russell Cohen

Murphy Business Brokers