||2 FT Owners
|Reason For Sale:
This business has earned a 70% market-share over a 47-year period. Company provides Auto Glass Replacement, Architectural Glass Service, and High-end Shower Doors. Sales and Marketing expenses are very low. Business is fully staffed (which isn’t easy in such a high-end town) – the employees are loyal and productive. Sales & profits are very consistent year over year.
The high-end residential and commercial market has always been strong in this town. Even during recessions, the company has stayed quite busy. There is limited growth within the existing product lines, but additional product lines and services can be added easily because they have such great customer relations.
Client retention is very strong. Company estimates that at least 70% of the revenue each year is from the existing client list. As new building contractors and owners move into the area, more clients are added.
Because one of the Sellers is willing to stay for many years, a new owner of this business isn’t rushed to learn the business. A basic understanding of business accounting and scheduling is all that a new owner must bring to the business – all technical skills can be learned.
The business has been in same great location for 40 years. The building was constructed specifically for this purpose and modified over the years. The Sellers own the building and will lease it for a long period under very favorable conditions to help secure an SBA loan. Sellers will also consider carrying 10% of purchase price for an SBA loan.
The town (in Rocky Mountains) is world-renowned for skiing and western activities. The residences in town are some of the most expensive in the world. The town will not be disclosed until the Non-Disclosure Agreement is completed.
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.