Details
Asking Price: |
$1,150,000 |
Annual Sales: |
$823,000 |
SDE: |
$277,000 |
Inventory: | Included |
FF&E: | $96,000 |
Real Estate (Included): | $700,000 |
Employees: | 1 FT & 1 PT Owner 4 FT |
Location: | Winter Park, Colorado |
Reason For Sale: | Retirement |
Business Description
30-year-old business with very high recurring clientele. Sales and profits are up increasing steadily year-over-year with very little sales and marketing expense. Real Estate valued at $700,000 is included, but business-only will sell for $450,000 if Buyer wants to lease real estate.
Business has dedicated and seasoned staff, which is hard to find in a resort town. The Owner is willing to transition out of the business over a long period of time to ensure a smooth transition. Employees are aware of the Owner’s desire to exit and are fully supportive of new ownership.
The Company provides auto glass replacement, residential and commercial window glass service, and new shower glass installations. Because the work is not tied to tourism or hospitality, you can give the employees time off when conditions are great for skiing, biking, and fishing. Company has survived many recessions – the demand for auto glass did not diminish while other construction services did suffer.
Company has been located at the same place for many years. The facility can handle about 25% growth without needing additional space. There is limited competition in the area. Companies from Denver do try to service the area but find the distance and snow conditions really limit their abilities. This is a business that does require a local shop to provide a high level of service.
Company does not aggressively market so there is room to grow just by letting new people to the valley know that you are in town. Company can add products and an outside salesperson if growth is really desired. Company is quite profitable – growth is not critical to success.
Owner and Staff will train through transition period. Owner is staying in the area and can provide support long-term if desired. Owner will carry up to 10% WAP.
Represented by Bill Scott. Tell me more about this business.