New Business For Sale: Desert Glass Installation/Fabrication

August 14, 2018 by Cody King

Cody King just launched a new listing: Desert Glass Installation/Fabrication

Desert Glass Installation/Fabrication
Asking: Call • Gross: $5,963,361 • Net: $907,898

Desert Cities 70 % public / 30% commercial segment glass installation business for sale. Sitting in the middle of the population migration into Riverside county, the business is finding its stride after changing from residential to public / commercial projects just prior to the last crash. The change was a good business move. Relationships built in both the public agency and commercial space is paying off nicely. Business appears to be strongly increasing this year and into 2019.

Riverside county is the 3rd fastest growing places in the US nationwide, behind Maricopa, AZ and Clark, NV counties.

The $250,000 gross earnings company the owner bought years ago today has 25 employees and a projected end of year 2018 of $6m/$907k with projected growth to $13m/$3m by end of 2019. In this instance, because of this delta in growth, and because the majority of this revenue is bonded public works projects, a valuation is best left up to the market in assessing their appetite for these largely captured future earnings.

Backlog for 2019 is full and the company is now filling 2020 FY.

The Company continues to strengthen its footprint in Riverside county and beyond as it is licensed for glazing in both CA and AZ and has completed projects in both states, creating opportunities in both the 1st and 3rd fastest growing locations in the US.

Because of this recent growth the business is able to expand into light fabrication of storefronts and curtain wall components, permitting better deliverables control and tighter scheduling. Use of new software has allowed tighter fitting of jobs into an even smaller time footprint, raising margins while also lowering downtime.

The company enjoys a low worker comp MOD of .75, with no outstanding claims, liens, etc. Seller is retiring after decades as a professional glazier and business owner. This is not a distressed sale, it is a strategic sale of a growing prosperous micro cap business by a successful local businessman prior to retirement.

If you are interested in taking a successful commercial and public works glass installation business to the next level, please register as a buyer at bizex.net, then call Cody King at 805.616.9488 or at cking@bizex.net.

 

 

 

 

Cody King
Email: cking@bizex.net
Office: (310) 882-2200 ext 134
Blog: https://www.bizex.net/blog
Web: https://www.bizex.net/business-broker-ma-advisor/cody-king

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