Manufacturer and Installer of Glass Wall, Fence and Railing Systems.
This profitable company designs and installs glass wall and railing systems for both corporate and residential clients. Located in East LA County, they perform installations all over Southern California. Owners started the business at the beginning of the recession, but their annual revenue has been consistently in the $450K to $500K range for the last four years.
A significant portion of their sales come from an independent yet fully dedicated, San Diego based sales rep / broker who would continue to work with the new owner. The owners have done very little local advertising so there is tremendous potential for growth in LA and Orange Counties with marketing.
2,000 sq. ft. facility includes a well-appointed reception area, two offices and a spacious warehouse space. This company would be easy to relocate to anywhere in Southern California. Assets include assembly equipment, a Chevy truck and a Nissan forklift.
The sellers are a father-in-law / son-in-law team. The father-in-law has serious health issues and can no longer work and the son-in-law cannot afford to buy him out. The younger partner is open to staying on to work for the new owner in any role (front office, sales, etc.) and is open to a variety of scenarios (including a minority ownership).
According to the sellers, no experience is necessary. Entire procurement, assembly and installation process can be learned in two to three weeks.
Seller’s Discretionary Cash Flow: $179,657
Inventory: $20,000 (estimated)
Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.
Asking Price $395,000
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