Glass Business with Excellent Profits In Growing Community! (17747)
ManufacturingFor Sale in CA
Financial & Assets Details
About the Business
Motivated seller! Asking only 2/3 of certified valuation! Lots of buyer strengths! Conservatively asking 2.5 x EBITDA! Management potential from current employees! Can be run without full-time owner presence! Scalable! Very successful business in a strong, ever-growing market, with excellent support from its national franchisor – one of the best and franchisee friendly this glazier provides window and glass replacements, as well as storefronts, auto glass, shower enclosures and mirrors among other glazing items in Southern California. They have built and maintained a diverse client base. Projecting a 6% increase in 2021 over last year’s gross, Total Revenues for 2020 reached over $1,525,273 alongside rounded Discretionary Earnings of $320,000 and Adjusted EBITDA of $279,552. Strategic opportunities for further growth are available with newer calibrated equipment for full-service, and custom-ordered inventory as well. Started in 2006, the business is part of a nationally recognized franchise that works hand in hand to help build your business and with lots of local community support. The large population and perfect location within a growing region make it the ideal investment. The well-situated showroom facility totals 3,940 square feet that comes with 1,600 sq. ft. used for storage of materials, custom orders, and vehicles, with 1,400-sq. ft. for clerical purposes with showroom and lobby. Available for optional purchase outside of the asking price, the property features an additional storage loft of 900-sq. ft. and has room for growth. Assisted by experienced personnel of seven nonunion employees who all are likely to stay post-sale, streamlined operations require minimal owner involvement with standard seller transitioning. Besides a quality website, and search engine optimizations provided by both franchise, and specialized marketing efforts also rely on backed referral sources from a recurring customer base. Great business opportunity in a beautiful area of the country. This one will move quickly!
Negotiable up to 20% for the right buyer.
Property is available for optional purchase outside of Asking Price!
Support & Training
Standard Owner Transition Period.
Reason for Selling:
Approaching retirement and/or pursuing other interests.