MergerPlace

Growing Commercial Glazier & Distributor

Indiana (St. Joseph)


  • Asking Price: Not Disclosed
  • Gross Income: $1,588,604
  • Cash Flow: $392,136
  • Real Estate: Not Disclosed
  • Inventory: $318,183
  • FF&E: $206,000
  • Listing ID: #217511
  • Established: 1939
  • Employees: 8

Business Description

This long-standing Business offers many different services to its customers, which include providing glass, mirror, and insulating units to a large variety of glass shops located in Northern Illinois and West/Central Indiana. The Company currently maintains a large presence in the commercial contracting market. There is the opportunity to expand its presence in the wholesale and residential markets if a focus is put on these areas in the future.
With 80 years in the Business, the company has worked with a multitude of well known, valued customers. The owner has personally taken a large hand in the Business, and he is often seen measuring, scheduling, or completing other day-to-day basic activities to help the Company run. The most important responsibility that the owner has taken on is developing and sustaining the relationships between the commercial contractors and the Company. His primary goal is to do whatever it takes to help the Company succeed.
The Company currently faces minimal competition in the market. There has been a significant amount of consolidation within the industry throughout the years, and the Company has emerged from numerous challenges as one of the market leaders. The relationships that the Company continues to create and cultivate with new customers will help expand its Business in not only a commercial customer setting, but also, a wholesale and residential customer setting as well.
The owner is healthy and often has lots of energy, however entering his late 60s he wishes to sell the Company to the right buyer, so that he can retire. He is open to staying on for a defined period of time after the Business is acquired by a new owner. This will give the new owner ample time to learn and fully transition into the Business.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email info@caldergr.com and request a PDF version.
Once we receive your NDA and answers to some basic questions the Confidential Information Memorandum (CIM) will be sent to you from the project manager.
IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR
JUNK MAIL FIRST. If you do not see the email there, please email info@caldergr.com for support. Thank you in advance!


Business Details

Primary Business Category: Services - Other Services
Location: Indiana
County: St. Joseph

Company Information

Year Established: 1939
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8

Financial Information

Gross Revenue: $1,588,604
Cash Flow: $392,136
EBITDA: $240,484
FF&E: $206,000
Inventory: $318,183
Seller Financing Available: Yes

Property Information

Facilities:

The Company owns a 12,185 sq. ft. facility.

Growth & expansion opportunities:

Growth Opportunities Include: (1) Grow Contract Glazing Business/Hire an Estimator: The Company has built a successful and sustainable contract glazing business. However, the owner is the only estimator at the Company. Therefore, if the Company were to hire an estimator or individual that has experience quoting projects, the Company could take on additional business. (2) Implement Financial and Processing Software: The Company currently tracks all financials with a paper-based system. By implementing financial software, the production and operation process could become much more efficient, which could lead to higher margins and an increase in projects completed. (3) Utilize Owned Land for Additional Facility: With the current projects and workflow, the Company’s current facility is close to meeting revenue capacity. If the Company could utilize the vacant lot that they own to build a second facility or additional square footage for the current facility, they could create the needed space to sustain growth for the long-term future of the Company. (4) Expand Wholesale Footprint: The Company could increase sales by hiring additional sales representatives or by implementing a sales strategy with a dedicated business development person at the Company.

Competition:

Investment Highlights Include: (1) Longevity and Reputation: The Company has provided its unique, personally developed services to a wide range of industries for 80 years. Over this time span, the Company has created solid relationships, developed a strong and sustainable contract glazing system, and formed a diverse customer base and network of local contractors. (2) Minimal Competition: Due to the Company’s unique service capabilities, there are not many competitors to compete within its markets and region. (3) Stocked Glass Inventory: This Company holds glass inventory in its facilities to sell to customers and other glaziers in the area. This gives them the market advantage of being the supplier and competitor to the other glass companies. (4) Proprietary Insulating Product: The Company has developed and manufactures a proprietary insulating unit that is utilized throughout all its services, allowing the Company to differentiate itself further within its three business segments. (5) Superior Market Position: The Company offers a solid and secure presence in the marketplace. This has only aided in building and maintaining the loyal customer base that the Company has enjoyed throughout its history.

Reason for selling:

Retirement.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC