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Middle Tn Glass Co Consistent Money Maker For Sale

Nashville, Tennessee, US
Asking Price:
$750,000 (USD) Inventory / Stock included
Sales Revenue:
$1,000,000 (USD)
Cash Flow:
$244,113 (USD)

Consistent sales and profits

This Middle TN glass company is known for superior quality work, competitive pricing and immediate service, a reputation managed diligently since 1930. They grew through relentless promotion of full service: being able to handle more types of glass, serving both commercial customers' storefront operations or residential customers' mirrors, showers, tabletops, bars, etc. Consistent expertise and efficiency in high quality installations makes excellence this firm's trademark.

Asking of $750,000 includes FF&E valued at $143,000 (equipment and vehicles) and inventory of $13,000.

Commercial products and services
• Storefronts & commercial doors
• Door closers, pivots, etc.
• Safety glass & insulated glass
• Laminated, tempered & wire glass
• Convex security mirrors indoor or outdoor
• Sound studio glass

Residential products and services
• SSB, DSB, plate window glass
• New or replacement insulated glass
• Pattern glass for cabinet doors
• Storm window or storm door
• Replacement glass
• Shower enclosures- frameless or framed mirrors custom cut
• Mirror bevel strips/corners
• Patio door replacement glass
• Glass shelves/ tabletops
• Tempered insulated patio glass
• Laminated/ wire glass/ acrylic

Property Information

Real Estate:

Lease

Lease Terms:

Through the end of 2021, with the possibility of a one year's extension.

Leasehold Rent:

$54,000 (USD) per annum

Location:

The 3600 sf showroom and shop, sold to a developer in 2019, is in the heart of a downtown industrial area, but which is fast becoming residential. That said, the owners assure their lease can be assumed through 2021, and they expect it can be renewed at least one more year. Ultimately, the operation must move.

Premises Details:

3600 square foot building with showroom, plenty of work space and storage. Property sold to a developer in 2019, but lease might be negotiated for up to 2 years.

Size in square feet:
3,600

Business Operation

Expansion Potential:

The (married) owners purchased the company in 1989, buying out partners in 2000. They currently run the company with two additional employees: a glass technician and a delivery installation service pro with many years experience. Since the passing of a key employee in 2018, the sellers have been at the crossroads presented by the need to continue to grow or retire. Demand is STRONG, business could easily double with additional staff.

Competition / Market:

The influx of new residents in Middle Tennessee has exploded housing demand. There are several glass companies of varying size and capabilities in the metro area and surrounding communities, but those with the best reputations for quality, pricing and service are most in demand. Again- business could DOUBLE with additional qualified staff.

Reasons for selling:

Retirement

Trading hours:

Monday-Friday, 7:30am-4pm

Employees:
Husband & wife owners plus two highly skilled service tech-installers.
Years established:
81

Other Information

Support & training:

One owner will remain for a negotiable period of training and transition.

Furniture / Fixtures value:
$142,840 (USD)
Inventory / Stock value:
$13,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Aliiant Capital Advisors LLC

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