MergerPlace

Custom Glass & Mirror Sales/Install

Michigan (Oakland)


  • Asking Price: $715,000
  • Gross Income: $900,723
  • Cash Flow: $181,933
  • Real Estate: Not Disclosed
  • Inventory: $61,161
  • FF&E: $85,570
  • Listing ID: #203693
  • Established: 1985
  • Employees: 2 FT/4 PT

Business Description

This well-regarded firm provides high-quality custom glass and mirror products to the greater Macomb and Oakland County areas. Average SDE over the last three years is nearly $220k. Revenue for the current fiscal year is trending higher than last year. In business at the same location since 1985, the business is known for its ability to satisfy structural glass requirements for both residential and commercial properties, without sacrificing visual elegance. Dedication to personal service means that they work with each of their customers individually to ensure they receive a quality custom piece. Their key competitive advantages include thorough and quick responsiveness to inquiries, and their ability to perform much of their work in-house, leading to fast project completion and high customer satisfaction. In addition to project work, they also also provide repair and replacement services for on-site and walk-in customers.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Michigan
County: Oakland

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT/4 PT

Financial Information

Asking Price: $715,000
Gross Revenue: $900,723
Cash Flow: $181,933
FF&E: $85,570
Inventory: $61,161
Seller Financing Available: Yes

Property Information

Facilities:

The business has operated from the same location since 1985. The 3200 square foot facility houses the reception and office area, inventory area and shop area. A garage door provides convenient access to the shop area for vehicle loading and unloading. Ample parking is available for customers.

Growth & expansion opportunities:

Growth could be realized by increasing the marketing spend, and considering additional lines of business such as auto glass, and commercial and residential builder partnerships. As noted elsewhere, commercial business is not presently highly-pursued, and could be ramped. The building square footage is not presently a limiting factor to growth.

Competition:

There are several choices in the area for residential and commercial glass products and services. This company has held its own for over 30 years and captures about 75% of the quotes that it provides to customers. Their key competitive advantages include speed of responsiveness to inquiries and their ability to perform much of their work in-house, leading to fast project completion and high customer satisfaction.

Reason for selling:

After building and operating this very successful business for over 30 years, the owner wishes to pursue outside interests.

Support & Training:

Will train for 4 weeks @ no cost. The firm provides custom glass and mirror products and services, including new product sales, structural and aesthetic design, installation and repair. Screen door services are also available. The business captures revenue from about 75% of the quotes that it performs. More than half of revenue comes from residential on-site projects, with the remainder nearly equally split between commercial on-site projects and retail customers. Historically, they have not pursued builder-sourced projects nor auto glass work, but there is no operational impediment that would prevent the company from capitalizing on these revenue sources.

Contact Business Seller

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Business Listed By:

Ken Whitley

Murphy Business Brokers