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Business for Sale Summary

Niche Glass Converter in Middlesex County,NJ - 30409

Business Type: service businesses,stone/ clay/glass/ concrete,construction businesses,building,heavy,misc. construction/non-classifiable,special trades,mfg businesses
Niche Glass Converter in Middlesex County,NJ
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Financial Information (non-confidential)

General Information
Asking Price $320,000 Down Payment $280,000
Gross Revenues $480,000 Lease Remaining Register Free to View
Owner’s Cash Flow $220,000 Number of FT Employees Register Free to View

Financing

$280,000 Down and

Business Description

Located in Middlesex County, New Jersey, this 27-year old company converts sheets of plate glass (roughly to design specification primarily for the home- owner. It cuts, bezels and shapes sheets of glass of varying size and thickness down to size and tempers and treats the glass for a finish coating (glaze, smoke, polish) as required on each job. And, it often cuts and adds aluminum rods for support and separation. The company provides installation services as well. The bulk of their business comes from independent contractors who pick up home renovation projects although there is new construction work and some commercial glass storefront work as well. The company enjoys an independent contractor base of about 250 contractors who feed them jobs. New contractors come by referral from existing contractors; the company does not market to or solicit contractors. Some jobs do come unsolicited directly from the homeowner. The owners require a 50% deposit on each job and the balance on completion. They extend credit to no one. Thus, they avoid new home construction developments and the very abundant and lucrative commercial market where glass entrance doors and interior partitions are increasing in popularity. GROWTH POTENTIAL This is a very profitable business that can become regionally significant. They occupy a large 6,000 sq. ft. warehouse and utilize just 30% or it. Originally, they intended to wholesale distribute unfinished glass, but job orders grew and grew and the tail became bigger than the dog. The opportunity to wholesale glass remains or the company can solicit and add many more contractors. It could also finish its showroom and solicit homeowners directly.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.