Business For Sale

WINDSHIELD REPLACEMENT BUSINESS FOR SALE!

Savannah, GA


Asking Price: Annual Revenue:
$470,000 Not Disclosed

Automotive & Boats: Auto & Truck Repair & Service


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RE: WINDSHIELD REPLACEMENT BUSINESS FOR SALE! Broker: William Reyes

Quick Facts

Asking Price: $470,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 475052907
Broker Reference #: 57971-88526

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Business Overview:

Are you looking to invest in an ESTABLISHED GLASS business?
• AUTO, RV, and BOAT glass replacement plus chip repair
• In business for over 30 years
• Great digital reviews
• High margins
• Can be TURN-KEY or OWNER/OPERATOR
• Stellar segment growth year-over-year
The owner is choosing to sell because of a desire to retire. Finally, the owner is willing to sign a non-compete agreement, to provide the new owner with 4 weeks of training at no additional cost, and to offer seller financing to select buyers. All offers will be presented.

Business Details
• Price: $470,000
• Gross Revenue: $398,000
• Sellers Discretionary Earnings: $189,000
• Category: Automobile Repair
• Locations: Savannah
• Employees: 3 independent contractors plus a secretary
• Years Owned: 28
• Inventory: $10,000
• FF&E: $44,000
• Reason for Selling: retirement

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Property Features and Assets:

This glass company is a mobile business that has been in business for almost three decades. Additionally, it specializes in auto, recreational vehicle, and boat glass replacement plus chip repair. Most importantly, the market segment offers a buyer plenty of opportunity for continued growth. This business features something for everyone: • the business can be a turn-key operation for those who wants to manage with established vendor relationships and independent installers in-place, or • the business can be an advantageous opportunity for someone with glass installation experience. The owner is choosing to sell because of a desire to retire. Finally, the owner is willing to sign a non-compete agreement, to provide the new owner with 4 weeks of training at no additional cost, and to offer seller financing to select buyers. All offers will be presented. Business Details • Price: $470,000 • Gross Revenue: $398,000 • Sellers Discretionary Earnings: $189,000 • Category: Automobile Repair • Locations: Savannah • Employees: 3 independent contractors plus a secretary • Years Owned: 28 • Inventory: $10,000 • FF&E: $44,000 • Reason for Selling: retirement

Market Competition and Expansion:

The domestic automotive glass market size was estimated at $1 billion in 2016 and is anticipated to witness considerable growth over the forecast period, majorly owing to increase in a number of road accidents and consumer awareness regarding the safety of the vehicles. Technological advancements along with the presence of manufacturers with strong global presence, including their R&D capabilities, is likely to fan market growth over the next nine years. Increasing focus towards development of strong and lightweight products for vehicles will create new opportunities for the market. Tempered automotive glass dominated the market with a revenue share of 49.8% in 2015. It features low cost and safer failure (think smaller pieces), means that it’s safe nature can spur demand. Laminated glass is expected to witness a significant growth of over 7%, in terms of volume, from 2016 to 2025, as many manufacturers hope to hush their vehicles or move models more up-market in position. Laminated glass is also easy to repair and has a higher safety standard, when compared to other products. Windscreen accounted for the largest market share of over 40% in 2015. This means the windshield is manufactured using laminated glass which is expensive, when compared to tempered type. New technologies are being developed to further enhance the experience of vehicles for customers, which is expected to grow the utilization of glass on the windshields over the next nine years. Sidelites, also known as side windows, are expected to witness a rapid increase in the demand for the product, because of the rapidly increasing use of laminated glass on the windows. Additionally, as auto engineers shrink the side windows for safer crash tests, auto designers are adding more length to side windows. Therefore, the increasing focus on the safety of the vehicles is likely to promote utilization of high-quality products, which in turn is expected to have a positive impact on the growth. Savannah’s regional economy – which includes Chatham, Bryan, and Effingham counties – has been expanding above the national average for nearly seven years, creating 30,000 new jobs along the way, nearly all of them in the private sector. Since mid-2013, the growth has been substantial with growth projected for 2017 and beyond. The Savannah area will also benefit from the growth of the state of Georgia as a whole which is expected to grow above the national average in 2017 and beyond.

Reason for Selling:

Retiring

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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