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Best-In Class Connecticut Glass Company For Sale

Fairfield County, Connecticut
Asking Price:
$590,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,166,288 (USD)
Cash Flow:
$222,264 (USD)

This is a gem of a window & glass company that generates steady revenues and cash flow from its reputation among architects and contractors in high-end residential and commercial markets of Fairfield County, Litchfield County (Connecticut), Westchester County (NY) and certain high-end clients in New York City and Hudson Valley (NY).
High-quality earnings and excellent books & records made it easy to pre-qualify this business for lender financing (either with or without the Real Estate).

Property information

Premises Details:

Real Estate is available for lease ($2,977/mo NNN) or purchase ($450,000). 3,228 sq ft commercial building includes workshop, administrative offices and sales space.

Business Operation

Expansion Potential:

At present, the business incurs no advertising and marketing expenses. Under new ownership, there is room for growth from marketing and advertising. Also room for growth by entering into untapped markets (large-scale commercial window placement) or even auto glass.

Competition / Market:

The number of glass companies in Connecticut gets smaller every year, but this Company continues to thrive from its reputation in the higher-margin segments of the industry.

Reasons for selling:

Owner is looking to retire within the next five years and can work with new owner to transition the business.

Trading hours:

Monday-Friday 9am-5pm

Employees:
8 FT
Years established:
56 years

Other Information

Support & training:

Will train for 4 weeks @ no cost
This business generates ~50% of revenues from bathroom glass (doors and mirrors), ~30% of revenues is architectural glass (glass railings, etc) and ~20% from replacement windows and glass needs of its vicinity's market where it has been a well-known fixture for nearly 60 years.

This best-in-class Connecticut window & glass company does not compete in the low-margin auto glass market, largely avoids the labor-intensive residential and commercial window replacement market. Most if its revenues come from its reputation with architects and contractors to sell and install higher-margin glass installations including shower doors and architectural glass.

This business's reputation for customer service and expertise in high-end bathroom and architectural glass has steadily expanded its market area beyond Fairfield County (Connecticut) allowing it to "cherry pick" high-margin projects in the well-to-do markets of Coastal Connecticut, Litchfield County (Connecticut), Westchester County (NY), Hudson Valley (NY) and even (when the project is right) Manhattan.

Financing available:

Lender pre-screened with $118,000 down.
Business has been lender pre-qualified for financing both with and without the Real Estate.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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