Business For Sale

SoCal Glass Installation High Growth Public Works

Palm Springs, CA
Riverside County


Asking Price: Annual Revenue:
Not Disclosed $5,963,361

Manufacturing: Non-classifiable


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RE: SoCal Glass Installation High Growth Public Works Broker: Cody King

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $5,963,361
Net Profit: Not Disclosed
Cash Flow: $907,898
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 25
BBN Listing #: 272111895
Broker Reference #: BizEx1199-CK

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Business Overview:

Desert Cities 70% public works / 30% commercial segment glass installation business for sale. Relationships built in both the public agency and commercial space is paying off nicely. Business has ramped up rapidly this year and will continue into 2019.

Riverside county is the 3rd fastest growing places in the US nationwide, behind Maricopa, AZ and Clark, NV counties.

The $250,000 gross earnings company the owner bought years ago today has 25 employees and a projected end of year 2018 of $6m/$675k with projected growth to $13m/$2.7m by end of 2019. In this instance, because of this delta in growth, and because the majority of this revenue is bonded public works projects, a valuation is best left up to the market in assessing their appetite for these largely captured future earnings.

Backlog for 2019 is full and the company is now filling 2020 FY.

Recent CAPEX acquisition of storefront and curtain wall fabrication unit should be a game changer for increased efficiency and margins moving forward.

The Company continues to strengthen its footprint in Riverside county and beyond as it is licensed for glazing in both CA and AZ and has completed projects in both states, creating opportunities in both the 1st and 3rd fastest growing locations in the US.

Because of this recent growth the business is able to expand into light fabrication of storefronts and curtain wall components, permitting better deliverables control and tighter scheduling. Use of new software has allowed tighter fitting of jobs into an even smaller time footprint, raising margins while also lowering downtime.

The company enjoys a low worker comp MOD of .75, with no outstanding claims, liens, etc. Seller is retiring after decades as a professional glazier and business owner. This is not a distressed sale, it is a strategic sale of a growing prosperous micro cap business by a successful local businessman prior to retirement.

If you are interested in taking a successful commercial and public works glass installation business to the next level, please register as a buyer at bizex.net, then call Cody King at 805.616.9488 or at cking@bizex.net.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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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