Property Asking Price - $1,550,000. Business Asking Price - $1,250,000 plus inventory.
A wonderful opportunity to acquire a longstanding family run business established in the 1980's and well known for its amazing reputation in providing customers with sales, service and installation of custom doors, windows, screens, railings and related hardware.
There are five (5) Employees plus two (2) Owners. One Owner acts as the General Manager and the second Owner takes care of bookkeeping and payroll.
The business operates out of a 5,934 sq. ft. industrial building (I-3 Zoning) on a 10,915 sq. ft. lot. The property also has a two bedroom suite on the second level rented out for $1,100 per month.
Reason for sale - The owners have decided to start working towards their semi-retirement. Plenty of training will be provided for a smooth transition.
Approx. $115k in assets including a delivery truck.
Approx. $200,000 to $300,000 worth of inventory (at cost) to be paid for in addition to the asking price.
Approximate Sales & EBITDA:
2023 Sales - $3m. EBITDA - $542k
2022 Sales - $3m. EBITDA - $530k
2021 Sales - $2.5m. EBITDA - $393k
2020 Sales - $2.4m. EBITDA - $307k
2019 Sales - $2.3m.
2018 Sales - $2.2m.
2017 Sales - $2m.
Please Note - Total EBITDA Calculations includes adding back the rent the property collects from the business and residential tenants living upstairs.
Lots of demographic changes and population growth has given lots of demand to this business.
*An NDA is to be signed prior to the release of any further confidential business information. All information provided is approximate and is to be verified for its accuracy by the purchasing party inquiring.