Very Successful Commercial Glazing Contractor

Not Disclosed, MI

SE Michigan

Asking Price: Annual Revenue:
$3,000,000 $14,000,000

Services: Construction, Contractors

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RE: Very Successful Commercial Glazing Contractor Broker: Glen Toadvine
Owner Financing is Available!
Meaningful seller note negotiable

Quick Facts

Asking Price: $3,000,000
Annual Revenue: $14,000,000
Net Profit: Not Disclosed
Cash Flow: $950,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1950
Employees: 60
BBN Listing #: 993231216
Broker Reference #: GTSK1072820

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Business Overview:

It has been a great run for the family which founded this successful contract glazing business 75 years ago. The remaining family members look forward to transitioning their profitable business to a new generation of owner-operators.

Operating out of an attractive leased facility in a desirable Detroit suburb, conveniently located at the juncture of two interstate highways. The business has nearly 20,000 square feet of space at a very favorable annual rent of $84,000 (less than 6% of revenues).

With a staff of 12 in the office and some 45 highly experienced and skilled union glazers working on-site, this business has successfully completed exterior and interior projects in all glazing services including storefronts, curtain walls, glass guardrails, interior partitions, skylights, to name a few. The union affiliation means that the business qualifies for automotive, City, State, Federal, university, retail, housing, general manufacturing and all sorts of other commercial and institutional projects where union work is required.

The company’s customers (with no concentration) are general contractors who service a multitude of industries including those named above. Projects are (a) generally within a 75 miles radius of the home basis, (b) can be as impressive as a 10 story structures, and (c) can surpass $5,000,000 in size.

Over the past three years, revenues have averaged $14,000,000 with an average annual SDE (the normalized cash flow available to pay an owner-operator and service debt) of nearly $1,000,000. Even during the Covid-19 impacted January-April, 2020 four-month period, annualized revenues and SDE were $14,200,000 and $930,000 respectively.

The business is being offered for $3,000,000, an attractive 3.0x SDE. The listing price includes nearly $1,000,000 (cost basis) of fixed assets. The sellers will also carry a meaningful six figure seller note for qualified buyers who should ideally have industry knowledge and experience.

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Reason for Selling:


Additional Details:

  • The property is leased.
  • 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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