Business for Sale Overview:
The March Group currently represents a glazing contractor serving the new construction, addition, and remodeling markets for both commercial (85% of revenue) and residential projects (15%). The Company posted EBITDA of $530,491 on revenue of $2.9 million in 2008, representing a profit margin of 18.3%. Boasts nearly half a century of experience, as the business has operated from the same location since 1960. Client base of approximately 50 commercial accounts includes schools and colleges (65% of revenue), strip malls and storefronts (10%) and churches (10%). Commercial projects include fabrication of storefronts, curtain wall frames, interior heavy glass, and heavy glass showers and entries. Key relationships with local general contractors and developers provide a solid foundation for continued success, with a repeat business rate of 70%. Residential projects include windows, screens, showers and enclosures, tabletops, mirrors, and patio doors. Current backlog of more than $3.0 million.
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Property Features and Assets:
Company headquarters are leased and comprise 6,500 square feet of combined shop and office space.
Market Competition and Expansion:
The current local economy is benefiting from a strong oil and gas industry and the new commercial construction market is continuing at a strong pace. The Company has the reputation, established customer relationships, and experienced workforce necessary to successfully propel itself to the next level.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.