NORTHERN CALIFORNIA FLAT GLASS AND MIRROR COMPANY - SC2129

Asking Price: $199,000
Cash Flow: $100,000
Gross Revenue: $625,000
Down Payment: $119,000
Financing: Yes
FFE (Included): $35,000
Inventory: $25,000

Business Location

Northern California

Business Description

This Northern California based Flat Glass and Mirror Company is a California C-Corporation that has been in business for 68 years and under current ownership for the past 13 years. They specialize in flat glass retail sales, design, and installation. These include things like shower doors, mirrors, frameless shower enclosures, etc. The US shower glass door market generated $3.188 Billion in 2019, which is expected to rise to $6.782 Billion by 2030, with a market growth rate from 2020 to 203 expected to be 7.5% (CAGR), owing to the rapid urbanization of the US metropolises, expansion of the real estate industry, growth in the tourism and hospitality industry, and increase in the adoption of smart shower glass doors. The frameless category held the larger share in the historical period (2014-2019) and is expected to dominate the US shower glass door market in the coming years as well, based on product type. This would primarily be due to the rising requirement for heavyweight glass and frameless shower door units, which are more expensive than framed doors. This business is well established and has been in the market for almost 70 years, so it has a large customer database and is known in the construction industry for its quality products. This business also has a custom flat glass fabrication plant located in Northern Nevada, that makes this business vertically integrated. This could be available for purchase as well if of interest to a prospective Buyer.

Market Outlook/Competition

Growth can be obtained by increased marketing efforts and sales efforts across Northern California, along with an improved website and social media presence.

Seller Financing Description

The Seller is willing to carry a note for 25% of the purchase price at 7.5% interest and 2-year term. The amount carried will depend on the purchase price and the quality of the Buyer.

Support & Training

Seller is willing to train the new Owner for up to 4 weeks at 30 hours per week. Additional training from the Seller is available at mutually agreed upon compensation from the Seller to the Buyer.

Reason for Selling

The reason for selling is the Seller would like to pursue other interests.

Detailed information

Year Established: 1955
Home-Based: No
Franchise: No
Relocatable: Yes
Required Licenses:
Is Property Leased: Yes
Real Estate Included: No
Real Estate Available: N/A
Real Estate Value: N/A
Part-time Employees: N/A
Full-time Employees: 3
Building Size: 1200 sq ft
Monthly Rent: $2,325

CA 02100708
NV 1003039

Listed By: Adriana Sargent

Background information

Reference:

SC2129

Year established:

1955

Reason selling:

The reason for selling is the Seller would like to pursue other interests.

Operations

Employees:

Part-time Employees: N/A Full-time Employees: 3

Equipment:

FFE (Included): $35,000

Inventory:

Inventory: $25,000

Premises

Facility:

Is Property Leased: Yes Real Estate Included: No

Square footage:

Building Size: 1200 sq ft

Rent and lease terms:

Monthly Rent: $2,325

Location:

Northern California

Opportunities

Growth:

Growth can be obtained by increased marketing efforts and sales efforts across Northern California, along with an improved website and social media presence.

Market:

Growth can be obtained by increased marketing efforts and sales efforts across Northern California, along with an improved website and social media presence.

Price and terms

Price:

$199,000

Down payment:

$119,000

Financing:

The Seller is willing to carry a note for 25% of the purchase price at 7.5% interest and 2-year term. The amount carried will depend on the purchase price and the quality of the Buyer.

Training:

Seller is willing to train the new Owner for up to 4 weeks at 30 hours per week. Additional training from the Seller is available at mutually agreed upon compensation from the Seller to the Buyer.