Details - Information last confirmed on May 12, 2021
With its premier location and stellar reputation, this large family-owned glass companies is ready for a new owner to take the business to new heights.
The company was founded in 1980 and throughout its entire history, it has been family owned and operated. What was once a one bay shop in the 80’s has turned into a multi-building repair service facility helping the local community with residential, commercial and auto glass projects.
THIS PROPERTY IS INCLUDED IN THE ASK PRICE: The company operates out of a 16,900 square foot facility in CT, situated wonderfully on a busy thoroughfare. In this building, 2,600 sf is dedicated to showroom and reception space, 1,300 sf to office space, and 13,000 sf to manufacturing and warehouse space (7,700 sf of the warehouse space is new construction.) The exterior and interior of the building are in excellent condition. In 2019, the Seller finished construction of a 12,000 sf warehouse in a lot adjacent to the main building which in part is used to inventory more auto glass and equipment. Parking: 22 spaces in the main lot; 6 spaces on the side of the building. Structure: Brick
Flat Glass: The Connecticut flat glass market is estimated to be $200 million with no firm accounting more than 5% of revenues. As it is nationally, the market is highly fragmented in Connecticut. This company's largest competitors in the market is in Branford with estimated revenues of between $25 and $45 million, Hartford with estimated revenues of between $8 and $15 million and another in Branford with estimated revenues between $25 and $45 million.
The revenue base for the flat glass business is approximately 75% commercial and 25% residential. On bigger projects, the company works through contractors, but they also sell directly to end users on small repair or installation projects. While most of the work is Connecticut based, they occasionally take on projects in the neighboring states such as New York and Massachusetts. In any given year, the firm bids on 60 to 100 flat glass projects that range in size from $30,000 to $1,500,000 and win approximately 50% of those bids. Smaller flat glass repair..
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