Details - Information last confirmed on November 5, 2020
With nearly $6M in sales in 2020 and $7.5M already in their backlog, this commercial glazing contractor has been established in Oklahoma City for over 70 years! Services include design, fabrication, manufacturing, and installation of aluminum curtainwall, storefront, heavy glass doors, glass handrails, and swinging & sliding aluminum doors. Working out of a 35,000 sq. ft. factory, the team has top-notch CNC capabilities that are unmatched in the area. There are 45 full-time employees, including the owner, who handles general oversight, 3 Project Managers, 2 Estimators, 1 CAD Drafter, 1 Superintendent, 5 Foremen, 2 in Accounting, 10 in the factory, and a highly skilled team in the field handling installations. Their main focus is on mid to high-rise towers; sale size ranges from $250k-$3M, with $500k-$700k billed out each month. Most work (90%) is bid by invitation from the GC, with work secured 6-12 months into future. Along with $7.5M worth of signed contracts, the company has $3.5M in their pipeline.
Because it is such a specialized industry, the company uses the Union from time to time out of Texas and New Mexico. Their participation agreement with the union allows them to remain independent and hire from the union when needed for large projects. The company’s bonding capacity of $12M, along with their exceptional factory, equipment, and manpower, allows them to bid on monumental projects in the area.
Priced at $2,000,000, growth potential is tremendous for a new owner. Expanding the service area into surrounding states and pursuing more high-rise projects would lead to a huge revenue boost. The factory, equipment, client relationships, industry reputation, and highly experienced team is already in place. A new owner could step in and take this company to the next level. A 12.5% down payment of $250,000 returns $283,695 in the first year after debt payments – a 113% return on investment!
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