Commercial Window Manufacturer WITH PROPERTY. Great cash flow!

North Grosvendale, CT

Seller Financing Available

listing image
Asking Price:$3,965,000
Gross Revenue:$2,400,000
FF&E:$300,000
Established Year:1986
Cash Flow:$890,000
Inventory:$240,000
Real Estate:$840,000
BUSINESS DESCRIPTION

This business is appropriate for a buyer has significant metal fabrication and manufacturing know-how. Qualified buyers should have at least $800k+ immediately available liquid cash to satisfy SBA or other lender down payment and working capital requirements.

This business is appropriate for a buyer has significant metal fabrication and manufacturing know-how.

The asking price INCLUDES property which just bank appraised at $850k, $60k cash left in account (this cash alone is estimated to cover at least 2 - 3 months of overhead), $200,000 in inventory, $80k - $120k in A/R.

SALES UP $800K OVER THIS TIME LAST YEAR. NOW PUSHING OUT OVER 150 WINDOWS PER WEEK WITH PLENTY OF ROOM FOR GROWTH.

A thriving window and glass manufacturer with an extensive NATIONWIDE customer base. THEY HAVE BEEN GROWING THROUGH THE PANDEMIC! They currently have a $500k backlog and just hired 2 more people.

INCLUDED IN ASKING PRICE:
$840k property
$240k inventory
$160k receivables
$300k machinery and hardware
$500k backlog through next year!

The competitive advantage of this business is being able to deliver to their clients in 2 - 3 weeks while almost all competitors are taking 3+ months. The owner currently does NOT extend credit terms to customers. According to industry experts, a new owner offering credit terms (30, 60, 90 days etc) is expected to be able to grow sales up to 6x within 2 years.

Comes with over 500 Customer accounts including multiple US federal Government orders.

Established by the current owner in 1986, this asking price INCLUDES a massive 24,000 property conservatively valuing around $900k. Four loading docks and all in EXCELLENT condition. All employees dedicated and committed to staying.

Manufactured products include everything from standard high-rise windows to blast resistant glass designed to protect against explosive forces. Over the last 3 decades they have developed numerous proprietary manufacturing techniques that put them way above the competition.

Buyer should have some knowledge of manufacturing. THIS BUSINESS WILL NOT BE AVAILABLE FOR LONG. Contact us immediately for all info, financials and to speak with owner.


DETAILED INFORMATION
Location
North Grosvendale, CT
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
24,000
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
3.5 Acres. 1 Floor, 24,000 Sq Ft. Loading dock, 4 over-head doors, 480 volt 3-phase. Building and grounds in EXCELLENT condition.
Competition
There are other window manufacturers but few as tried and seasoned as this one. This business has survived and thrived with authority throughout every economic crisis and climate for the last 34 years.
Growth & Expansion
Owner has never offered COD, credit terms or financing. Industry experts who have looked at this business have roughly forecasted that by 'offering financing / payment plans / credit terms to customers it could increase sales by 10x or MUCH more'. Billion dollar competitors in the space ALL offer financing plans / credit terms to customers. Also, there is currently a complete lack of marketing/digital effort which affords a new owner with MASSIVE growth potential. Even something as simple as a basic google AdWords campaign is expected to potentially bri
Financing
Prefers not to but possibly will discuss for qualified buyers with large down payment
Support & Training
Full and comprehensive, 2-3 months but open to discussing longer if needed.
Reason for Selling
“I’m 70 going on 90” - Owner
Report an Issue with this listing
profile-img
Jon
Sheklow
logo-img
Jon Sheklow