Commercial Glass and Glazing Contractor

Henrico, VA
Henrico County

Asking Price: Annual Revenue:
$4,850,000 $7,374,200

Services: Construction, Contractors

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RE: Commercial Glass and Glazing Contractor Broker: Craig Ascari
Owner Financing is Available!

Quick Facts

Asking Price: $4,850,000
Annual Revenue: $7,374,200
Net Profit: $1,381,239
Cash Flow: $1,250,241
Total Debt: Not Disclosed
FF&E: $288,107
Real Estate: Not Disclosed
Year Established: 1976
Employees: 29
BBN Listing #: 562464506
Broker Reference #: Not Disclosed

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Business Overview:

Founder-owned specialty trade contractor primarily engaged in glass and glazing work. The Company specializes in the design, fabrication, and installation of commercial glass, aluminum doors and specialty products for commercial, institutional, and multi-family residential projects throughout central Virginia. Established market leader, with reputation for completing projects on time and quality workmanship. Full unitization capabilities, experienced workforce, and strong contract backlog.

The business historically has exhibited cyclicality, with up cycles of four to five years, followed by a down year. From 2017 to 2021, revenue rose from $8.6M to $14.2M, with an average (median) EBITDA of $830,000. 2022 was the down year in the latest cycle. Going into 2023, the Company has a contract backlog of $12.4M and is projecting revenue and EBITDA of $14.5M and $857,500, respectively, closely mirroring the results of 2021.

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Property Features and Assets:

Mini Warehouse, Storage built in 1992. Approximately 30,000 square feet (5,000 office). Lot size 1.9 acres located in Henrico County, Virginia.

Market Competition and Expansion:

Demand for glass and glazing work on office spaces, commercial projects and institutional buildings is expected to improve over the next five years. The industry exhibits a low level of market share concentration, with no industry player representing more than five percent of total revenue. Competition among market participants is intense, Major players include MiTek, Binswanger Glass, Crown Corr and Enclos Corp.

Reason for Selling:

Owner is retiring

Additional Details:

  • The property is owned.
  • The owner is not 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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