Auto Glass Repair & Replacement - Santa Clara County, California

Description

In operation for 15 years, this glass replacement and repair business serves Santa Clara and San Mateo Counties and some surrounding areas. This is a rare opportunity to own an essential emergency service in Silicon Valley, one of the most affluent areas of the entire United States. Their market focus is vehicle (auto & truck) window repair and replacement. The business is run by an owner-operator who coordinates an experienced, trained, highly competent team of subcontractors. They operate from a facility with a rent of approximately $2,000/month. Service is provided on site; but most is remotely at the vehicle owner’s location. Their market includes auto fleets, insurance companies, and individual owners. Very valuable well-established connections are maintained with various insurance companies. Financial Details: Annual sales are approximately $460,000. After COGS and usual and customary business expenses, the net cash flow or SDE is approximately $80,000. The Transaction: The seller is open to all reasonable offers and term. The business is being offered for an asking price of $198,000, approximately 43% of annual sale and 2.5X SDE. This includes all assets except accounts receivable, cash-on-hand, leasehold security deposit, and re-saleable inventory. This is for the entire business: vehicles, tools, apparatus, vendor/supplier resources, customer lists, company name, website, phone number, good will, etc. It does not include cash, accounts payable*, accounts receivable, or security deposits. Materials Inventory (if any) is extra at actual cost (approximately $2,000-$3,000). (*Seller is responsible for A/P and payroll through the date of Closing.)

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Tim Cunha

Business Type