Listing Number: 189597-862130
Description
In business since 1991, this window replacement company is a staple in Cherry Hill and the broader South Jersey community. For over 30 years, they have been servicing homes by replacing windows and doors. Roughly 80% of the product they sell is windows and 20% is doors. The nice part is that all the owner does is sell and all of the installing is done by subcontractors. The owner has an arrangement with a fixed labor cost per window with 3 different subcontractors who have been doing high quality work for him for many years. The arrangement with the subcontractors makes it very easy for the owner to focus on selling as he doesn’t have to deal with transporting the windows/doors and installing them. The process is such that the subcontractors pick up the product from his storage facility and they do the installation from A to Z. The owner has 1 employee who coordinates deliveries and installations with the subcontractors. The owner’s wife handles all of the administrative work and is willing to stay on for an extended period of time. The company primarily sells 2 lines of windows which have proven to be strong products in the market. The average lead time from contract signing to installation is 6 weeks as all of the windows that they sell are customized to fit the respective home. In addition to windows, they also do doors, patio doors, leaf proof gutter systems and siding. They have done several municipalities, police stations, nursing homes, schools, and many other large buildings in which the order size is often hundreds of windows per building. The owner is willing to stay on to train as well as work for the new owner on a commission basis for an extended period of time. The owner has been in the business for 46 years, so the new owner would be getting trained by an industry veteran. This is a fantastic opportunity for someone who has a background in sales to step into a 33-year-old business with a stellar reputation, reliable team, robust client list, and an experienced teacher! Seller will finance up to 50% of the purchase price for qualified buyers.
Listing Details
- Price: $ 799,000
- Down Payment: $399,000
- Sellers Discretionary Earnings: $ 307,000
- Total Sales: $ 1,617,376
- Location: Camden County, New Jersey
- Inventory: $ 0
- FF&E: $ 0
- Employees: 1
- Year Established: 1991
- Reason for Selling: Retirement
- Category: Construction
