Glass Business for Sale – Auto, Commercial, Home Repair replacement
Company is a well-established glass business providing full-service glass repair and replacement for home, automotive and commercial storefront glass to Odessa Midland, Texas and surrounding areas. Services are provided from a centrally located Odessa shop-office with a Midland warehouse. Services include: repair and replacement of windshields, windows, entry door glass, patio doors, shower enclosures, mirrors, tabletops, and storefronts. The company’s service vehicles carry complete inventory and supplies. Generally, sales are approximately 1/3 auto glass and 2/3 flat glass. The owner typically only works 15-25 hours per week in the company.
This is an ideal business to obtain an E1 or E2 Visa: full-time employees and profitable income for a qualified owner-operator. The business has good books & records and is recession-resistant. Although many businesses in the West Texas area have slowed with the drop in oil prices during the past 2 years, the Company experienced only a moderate slowdown in 2015. The business has won many national awards for outstanding sales and performance.
The asking price for the assets of this glass business for sale is $1,050,000 payable as $210,000 cash down payment and $840,000 bank financing (SBA 7a for 10 years at 6% with monthly payments of approximately $11,354/mo) to a qualified buyer. The Seller will consider up to $100,000 seller-financing to a qualified buyer approved by the Seller. All financing is to be personally guaranteed. The assets include inventory at cost of $30,000, Accounts Receivables of $85,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $200,000. The price will be adjusted for actual inventory, work in process (WIP) and accounts receivables as of the sale date. The purchaser is responsible to pay any transfer fees related to the sale of the business.
For information, reference West Texas Glass Business for Sale # 19737 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
www.adamnoble.com
Are you looking for a buyer? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit another active buyer’s search criteria. Thinking of selling: Contact us TODAY to Sell your Business
During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Defense Industry, Oilfield services, Construction trades, Craft Breweries, Partnership Buyouts, Manufacturing, Service, and Wholesale Distributors.
Our M&A advisors and business brokers are all multi-industry entrepreneurs who have successfully exited their own companies. Jeff has walked in your shoes! Jeff wants to put the BIGGEST CHECK of your life in your pocket! Please contact Jeff, and he will confidentially answer all your questions.
Our GUARANTEE: a 15-minute call could REALLY change your future!