Auto Glass Replacement & Commercial Glass Co.

Not Disclosed, CT

New England

Asking Price: Annual Revenue:
Not Disclosed $8,758,000

Automotive & Boats: Auto Glass Repair

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RE: Auto Glass Replacement & Commercial Glass Co. Broker: Jeff Swiggett

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $8,758,000
Net Profit: Not Disclosed
Cash Flow: $991,000
Total Debt: Not Disclosed
FF&E: $1,038,000
Real Estate: Not Disclosed
Year Established: 1981
Employees: 40
BBN Listing #: 56955237
Broker Reference #: 41980268

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Business Overview:

This business focuses on flat glass fabrication and installation for commercial and residential projects, and on auto glass repair and replacement work. Gross revenues are split evenly between auto glass and flat glass work. The business is housed in a top quality 17,000 square feet building with good showroom, office and warehouse/fabrication space with an additional 12,000 square feet of warehouse space in an adjacent property. Most auto glass replacement and repair work is performed offsite at customer locations. The company performs 40 to 50 of these replacements daily. Flat glass fabrication includes assembly, installation and fabrication of architectural glass and aluminium curtain wall systems; high performance casement, projectile and double hung windows and doors; commercial glass sliding and revolving doors; and residential windows, showers, shower doors and tub enclosures. They have the capacity and capability to accommodate almost any type of glass fabrication and installation project. The business is well managed, has a great reputation, and is in a good position for continued growth.

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Property Features and Assets:

The business operates out of a 17,000 square feet building consisting of 2,300 square feet of showroom/office on the first floor, 1,300 square feet of office space on the second floor, and 13,000 square feet of attached warehouse/fabrication space. In late 2019, the seller added 12,000 square feet of newly built warehouse space on an adjoining lot to accommodate auto glass inventory. Both properties are available for lease to new owners at market rate rents that have been incorporated into the reported financials. There is ample parking for all cars and utility trucks. The properties are in excellent shape.

Market Competition and Expansion:

The company has maintained a dominant share of both the auto glass replacement and flat glass business in its geographic market even while competing with national firms. They achieve this by keeping large inventories of product which allows them to respond to any customer need and by relying on a long serving staff that executes well which sustains the company's excellent reputation. The company has always maintained an aggressive marketing campaign that advertises on TV, Cable, Internet and other forms of media to drive revenues. However, the seller believes that additional incremental investment in marketing would yield even higher revenues and provide a good return on the investment.

Reason for Selling:

Owner wishes to retire.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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