Luxury Glass & Mirror Contractor $699,000
The owner of one of Los Angeles Counties’ leading Glass Contractor wants to retire. The owner is willing to remain during a transition period, if requested. The business has successfully navigated through multiple economic cycles, and market downturns over nearly 5 decades of continuous operation. The business has built a long-standing reputation for craftsmanship, and dependability.
Their client base consists of high-end homeowners, in a luxury marketplace. They are well versed in all glass-related home products, including new and upgraded windows, doors, showers, and other glass-related products. They typically work as sub-contractors with a host of General Contractors and select architects. Many of their clients have been with them for years. Their market is dominated by high-end luxury homes, both new and re-model construction.
They have operated for decades within the market area of the recent tragic coastal fires. Nearly 7,000 structures were destroyed by fires, likely generating years of restoration work along much of the Southern CA coast. The enormous scope of the fires coupled with political pressure are short circuiting much of the standard complex permitting process, thereby accelerating the rebuilding process.
The business has a staff of highly trained, long-term employees willing to remain with the new buyer. Given the custom nature of their remodels and new home designs, most of their products are custom ordered. Consequently, there is little need to carry a costly inventory of products.
Their geographic market area has some unique characteristics that present a set of stabilizing business factors. The rebuilding of thousands of fire damaged homes within their market area, have created distinct opportunities not otherwise present in most other markets. These circumstances are likely to mitigate any potential risk of a real estate slowdown in the new and re-model home markets and lessen the impact of a potential recession.
A C-17 & glazing license is required, although the current owner could potentially provide his license as a new owner secures their own.
This would be a great acquisition for those contractors, already in the glass industry. Leveraging the strong reputation of this business would permit them to quickly engage in the important work of rebuilding an entire community.
This is also a great option for general contractors who currently sub-out their glass work. Especially those interested in pursuing fire related work. It would permit them to vertically integrate glass work into their business structure and depend less on outside resources to bid and win new business.
