This company has been a leader in commercial and residential glass fabrication and installation in Southwestern N.H for close to 15 years. It is widely known and recognized for superior service, reliability, quality installations and overall engineering. The company boast a customer base of 60% non-contractual light commercial/residential and 40% contractual commercial all within an hour of its headquarters. Many opportunities exist for growth including increasing product lines or expanding the existing service area. The Company has a stable, tenured, competent and reliable work force. It is a non-union shop giving it a very competitive cost advantage over some of its largest competitors.
Business Price: $450,000
Inventory: Est. at $25,000, included in asking price
Furniture, Fixtures, & Equipment (FF&E): $145,000, included in asking price
Owner’s Discretionary Income: $186,155 w/ Market Rent or $203,477 w/ Real Estate Purchase
Real Estate: $500,000, additional (see below for details)
Facilities: The Company is headquartered in a 6,350 SF +/- facility on two acres. The space consists of an office and showroom of approximately 850 SF and a shop, fabrication and warehouse area of approximately 5,500 SF. It is an excellent location, with easy access to the public.
Competition: The Company serves the geographic market that falls primarily within a 50-mile radius of their location. There are 3 other companies that compete in the area.
Growth & Expansion: Pro – Unlimited growth in the residential & commercial area of the business. Experienced and tenured manager & staff with excellent customer relationships. Building in great shape with significant manufacturing capacity and plenty of physical space to grow. Con – Will need to expand distance to dramatically increase customer base.
Support & Training: Seller is willing to stay on to assist in the transition
Reason for Selling: Retiring