| Listing No: BBF-966-11103 |
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| Category |
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Glass |
SIC |
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5211 |
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| Detail |
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Glass Win/Drs/Mirrs |
Price |
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1,500,000 |
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| County |
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Confidential |
Down |
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150,000 |
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| State/Prov |
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Florida |
Adj Net |
: |
295,989 |
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| Country |
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USA |
Sales |
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1,233,060 |
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***UNDER CONTRACT*** Description: The Company is an incredibly profitable niche business designing, selling, fabricating, and installing any type of interior glass or mirror product, including shower enclosures, wine rooms, interior glass railings, interior glass walls, bar tops, antique mirrors, beveled mirrors, along with exterior railing systems. The Company sells to both commercial clients and homeowners. Commercial clients contribute 60% of the revenue and include general contractors, bath and kitchen remodeling contractors, interior designers, high-end cabinet companies, tile contractors, and handymen. Homeowners represent the remaining 40%.
Competition: Glass contractors and hardware stores.
Growth/Expansion: The Company has one retail location. Currently an opportunity to add 2 to 3 locations in the territory which would dramatically grow the revenue. Owners are not very adept at social media and the website could be improved.
Support/Training: Owner is willing to stay on for up to 12 months.
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| Documents on File |
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Equipment List: Y Lease: N Corp Resolution: Y |
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Cash Flow: N Balance Sheet: N |
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Standard Agreement: N Signature on File: Y |
| Showing Remarks |
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CALL BROKER TO SCHEDULE A SHOWING. |
| Reason for Sale |
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Retirement |
| General Location |
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Southwest Florida |
| Organization Type |
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Corp 'Sub S' Hours Owner Works: 45 |
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Years Established: 23 Years Owned: 23 Emp FT: 8 Emp PT: 0 Mgrs: 2 |
| Non Compete |
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Miles: 5 Years: 100 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs |
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M-F 9 AM to 4 PM |
| Skills/Licenses |
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Glass and Glazing license |
| Business |
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Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source |
Tax Return |
Tax Return |
Tax Return |
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| Year (Cash Flow) |
2020 (N) |
2019 (N) |
2018 (N) |
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| Gross Revenue |
1,233,060 |
1,280,630 |
1,328,526 |
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| Cost of Goods |
362,351 |
467,882 |
431,724 |
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| Gross Profit |
870,709 |
812,748 |
896,802 |
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| Expenses |
694,893 |
663,242 |
736,460 |
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| Net |
175,816 |
149,506 |
160,342 |
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| Owner Salary |
51,000 |
51,000 |
51,000 |
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| Benefits |
35,564 |
34,982 |
35,600 |
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| Interest Expense |
2,151 |
1,032 |
2,681 |
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| Depreciation |
31,458 |
11,002 |
13,386 |
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| Other |
0 |
0 |
0 |
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| Owner Benefit |
295,989 |
247,522 |
263,009 |
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| Accounts Rec |
0 |
N* |
Real Estate |
700,000 |
Y* |
| Inventory |
35,000 |
Y* |
Goodwill |
682,000 |
Y* |
| F F & E |
83,000 |
Y* |
Total Assets |
1,500,000 |
Y* |
| Leasehold |
0 |
N* |
| *Included? |
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| Lease/Month: 5000 |
Square Footage: 3,829 |
Building Type: Commercial Condo |
| Terms & Options: 2 units in sales price |
Expiration Date: 12/31/2029 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs |
Down Payment and Financing |
| Purchase Price |
1,500,000 |
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Down Payment |
150,000 |
| Working Capital |
100,000 |
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Loan/Assumable |
0 |
| Loan Fees |
48,000 |
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Loan/Seller |
150,000 |
| Closing Costs |
5,000 |
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Loan/Other |
1,353,000 |
| Total |
1,653,000 |
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Total |
1,653,000 |
| Loan/Assumable |
- Amt: |
0 Mos: |
0 Rate: |
0.00 Mo Pmt: |
0.00 |
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| Loan/Seller |
- Amt: |
150,000 Mos: |
48 Rate: |
6.00 Mo Pmt: |
3,522.75 |
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| Loan/Other |
- Amt: |
1,353,000 Mos: |
192 Rate: |
5.75 Mo Pmt: |
10,794.34 |
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| FRANK CAMPOAMOR |
Office |
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(239) 849-9334 |
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| ASSOCIATE |
Fax |
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Home |
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(239) 404-9557 |
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| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS |
Cell |
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(239) 404-9557 |
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| 999 VANDERBILT BEACH RD. STE 200 |
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| NAPLES, FLORIDA 34108 |
Email |
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| USA |
Home Page |
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