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Business For Sale

PROFITABLE FULL SERVICE GLAZING CONTRACTOR

Attn: Mickie Bernard
not disclosed, NA, USA
Listing Number: "2191"
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Asking Price: Not Available
Business for Sale Industry: Services: Construction, Contractors  
Year Established: 1960
# of Employees: 22
Yearly Revenues: $2,400,000
Yearly EBITDA: $537,000
 

Business for Sale Overview:

The March Group, LLC currently represents a glazing contractor serving the new construction, addition, and remodeling markets in both commercial (85% of revenue) and residential projects (15%). The Company posted EBITDA of $537,000 on revenues of $2.39 million in 2007, representing a profit margin of nearly 22.5%. 2008 projected EBITDA of $927,000 on revenues of $3.5 million would show profit margins of nearly 26.5%. 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, 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, table tops, mirrors, and patio doors. Current backlog of over $3 million, scheduled to reach completion by summer of 2009.


Property Features and Assets:

Company headquarters are leased and are comprised of 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.
  • The owner may be willing to work for 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.

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