Details

Glass Shop For Sale

Asking Price:
$450,000
Annual Sales:
$1,555,781
SDE:
$246,000
Inventory: $30,000
FF&E: $150,000
Real Estate: Lease
Employees: 1 FT & 1 PT Owner
8 FT
Location: Front Range of Colorado
Reason For Sale: Retirement

 

Business Description

Company provides the following:
Art and Stained-Glass – Fab and Repair
Kiln Formed Glass (countertops, sinks) – Design and Fab
Frameless Showers and Glass Features (handrails) – Fab and Install
Entry Doors & Hardware – Pre-Finish, Pre-Hang, and Install

2020 = $246K – growth plus direct focus on profit
2019 = $162K

This business has been providing very unique works of glass art for over 43 years and has shipped products internationally. The business fabricates stained, carved, leaded, melted, and almost any form of glass imaginable. Unlike the typical glass shop located in virtually every town, their unique services are sought out by high-end home builders and commercial contractors and restoration firms. They provide glass as art as well as for window and door inserts, glass countertops, shower walls, and stairways. The business is located on Colorado’s Front Range, north of Denver.

The company has enjoyed steady growth for many years. Because they do not focus on low-end or tract-home projects, they do not see extreme swings in demand nor do they have uncollected debts. The business has high repeat clientele. The largest client is only about 6% of total sales and the next largest client drops to 4%, and then 2%. So the business is not dependent on just a few clients.

COVID-19 IMPACT:
The business has not slowed down at all through Covid-19. They are actually running about 20% above last year in gross sales and even higher in net profits. Because the company puts such a high value on employee comfort, they have always had adequate social distancing within the work shop, and in the wide open showroom and office areas.

WHAT I LIKE ABOUT THIS BUSINESS:
This is not a “me-too” shop. This business is ideal for a family (Mom-n-Pop shop) wanting to work together and see the product of their effort every day. The buyer should appreciate art and design and should enjoy working with clients that invest their time in the process and will pay for quality. A background in Architecture and Interior Design would be helpful but not critical. There is always something new to learn and the jobs vary so much that it isn’t boring.

The employees are well trained and take pride in their work and see their job as a career. Because the Seller has dedicated himself to training employees, the business is not solely dependent on his knowledge.

This is also a business that can grow if that’s desired.

Represented by Bill Scott. Tell me more about this business.


Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.