Premier Glass Shop & Retail Boutique + Real Estate

We are pleased to offer a premier and uniquely positioned glass shop and retail boutique for sale. This opportunity offers two aligned service income streams. Having enjoyed nearly three decades of success in Michigan, this motivated owner-operator is looking to wind down and looks forward to transitioning the business to its next owner.

The business owns and occupies a quaint 1,000 square foot building, conveniently located in a tourist haven off of a major State Highway in Southwest Michigan. Free dedicated parking adjacent to the building offers convenience for ownership and customers alike. This attractive piece of real estate is included in the transaction.

This business is known by its loyal customer base for its ample array of products and premier glass, and comes with nearly $90,000 of salable inventory. Additionally, the business offers unique accouterments to customers with an alternative lifestyle, as well as licenses, space, and dedicated clientele for body art.

A secondary outpost with common ownership will be closed shortly before the sale, the inventory of which may be purchased at sub-cost by an interested buyer.

Now let’s talk numbers. The business has had average annual revenues of $328,000 over the past four years – including a COVID year! During the same period, the business produced an SDE of $120,500 annually (SDE: seller’s discretionary income - the historical, normalized cash flow available for the buyer to service bank debt).

This attractive opportunity is being offered at $499,000 and consists of 3 key components. (1) The enterprise value based on an industry multiple of 2.5x SDE (2) $90,000 in salable inventory (3) Retail oriented real estate plus included residential building. In addition, the buyer gains the goodwill and fixed assets of a business boasting an impressive 20+ years of service. Business and real estate are fully bankable under the SBA’s 7(a) lending program, and the Seller is prepared to carry a Seller Note for a qualified buyer.

To learn more about this opportunity contact Jane Steele at 616-301-4964 or [email protected]