Calder is representing for sale a distressed commercial glazing company located in Michigan. Once a profitable and growing business, the company took a turn for the worse in recent years when the managing owner experienced a sudden unexpected medical situation and was forced to exit the business. The current owner (spouse) desires to urgently exit the business to focus on family. Additionally, it was never their intention or expectation to be in charge of the company.
The company is built on a strong foundation that with the proper attention and focus, should allow it to return to strength. In previous years, it produced over $8,000,000 in revenue and $700,000 in cash flow. The company is currently managing $5,000,000+ of projects in progress, $1,300,000+ of projects sold but not started, and $5,000,000+ of projects in the bidding process. To support this strong backlog of work, the company employs a skilled and loyal employee base of 26 people with an average tenure of over 5 years. The company also owns an estimated $596,600 of equipment and $555,134 of inventory.
The owner’s primary goal in the transaction is to ensure the employees, customers, and suppliers are taken care of. Ownership desires to move quickly and will review all offers. The speed in which the transaction can be completed is a critical component to the decision regarding who to sell to.
