PHOENIX, Arizona
| Asking Price |
$3,450,000 |
Year Established |
2010 |
|
| Annual Revenue |
$4,725,847 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$960,878 |
Listing Number |
947980 |
|
| # of Employees |
19 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This B2B opportunity is focused on commercial glass and glazing. Boasting an 85% repeat customer base specializingin hospitals, schools, office parks and car dealerships - there is no residential clients. Based in Phoenix, they have a spacious 7,700 square foot facility with a large shop for fabrication alongside furnished offices. The staff includes 7 in leadership and 3 admin, along with 9 installers and glazers. Included in the purchase price are assets valued over $800,000 with a Work in Progress just shy of 4 million and an impressive Backlog of $4,167,000. The owner is willing to stay on board for 2-3 years while settling into retirement.Priced at $3,450,000, a 10% down payment of $345,000 will return $445,068 in the first year after debt payments. The seller has offered to carry 10% of the purchase price in order to show their vested interest in the continued success of the business moving forward. In terms of growth, their strategy includes hiring more staff and expanding into the residential sector. The SBA has fully approved this deal as of May 2024, and a 3rd party appraisal has been completed!
Property Features and Assets:
<p>Backlog: $4,167,000</p><p>Work in Progress: $3,850,000</p><p>Working Capital Included: $525,000</p><p>Equipment and Vehicles: $276,750<br></p>
Market Competition and Expansion:
<p>Expand into the residential sector<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity