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Business For Sale
PROFITABLE FULL SERVICE GLAZING CONTRACTOR
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Services: Construction, Contractors
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Year Established:
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1960 |
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# of Employees:
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22 |
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Yearly Revenues:
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$2,400,000 |
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Yearly EBITDA:
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$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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