MergerPlace

Comm., Automotive and Residential Glass

Virginia


  • Asking Price: $299,000
  • Gross Income: $691,604
  • Cash Flow: $133,182
  • Real Estate: Not Disclosed
  • Inventory: $3,777
  • FF&E: $92,519
  • Listing ID: #225976
  • Established: 1965
  • Employees: 6 FT/1 PT

Business Description

For over 50 years, this glass shop has been a fixture in the Richmond area. These experienced technicians have seen it all and can do everything from windshields to flat glass and home mirrors. With 2 mobile repair vehicles, about 50% of jobs are automotive, and half of all work is commercial. The shop shut down temporarily during the COVID 19 pandemic, but business remains stronger than ever.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 1965
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT/1 PT

Financial Information

Asking Price: $299,000
Gross Revenue: $691,604
Cash Flow: $133,182
FF&E: $92,519
Inventory: $3,777
Seller Financing Available: No

Property Information

Facilities:

The 3800 SF shop provides an ample service bay, warehouse, and office space. It is conveniently located near the convergence of 2 major interstates affording easy access to a 30 mile radius service area. The 1/2 acre property is being offered for lease or sale through Thalhimer in Richmond.

Growth & expansion opportunities:

The company is well-positioned to expand fleet work through a concentrated sales effort.

Competition:

Satellite has essentially cornered the market for consumer automotive glass replacement, so this company focuses on fleet vehicles and residential glass. As one of the only glass shops with a physical location (not solely mobile), this shop is able to accommodate customer requests for large flat-glass jobs that competitors simply can't do.

Reason for selling:

Owners are retiring.

Support & Training:

Will train for 2 weeks @ $0 cost. All mechanics are certified in urethane sealants for OEM glass replacement.

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Business Listed By:

Michael Metzger

Murphy Business Brokers