This score is built on two things: the quality of the underlying operating business and the attractiveness of the entry multiple. Twenty-five years of uninterrupted operation with zero marketing spend, a fully equipped paid-off workshop, a stable team, and a loyal customer base is an unusual combination at a sub-$1M asking price. The score reflects that signal.

SDE of $360,000 on $1,430,000 in revenue implies a 25% operating margin. The listing does not disclose EBITDA separately — for a trade business of this size, SDE and EBITDA are typically close, as the owner is the primary source of addbacks. No forward projections are provided, which is standard at the listing stage.

The acquisition math is direct: at $985,000 asking and $360,000 SDE, an all-cash buyer achieves a 37% cash-on-cash return in year one before debt service. With SBA financing at 10% down (~$99K equity), annual debt service of approximately $100K–$115K leaves approximately $245K–$260K in free cash flow to equity — a substantial yield on invested capital at this entry price.

No seller financing is disclosed. SBA eligibility is not mentioned in the listing, but the sub-$1M asking price and this business profile — established, profitable, real assets — would typically qualify. Buyers should confirm eligibility with a preferred SBA lender before engaging. The fully paid-off FF&E ($100K) and inventory ($50K) included in the asking price provide tangible asset support for any financing structure.

Owner is committed to comprehensive transition support — hands-on training for a qualified buyer with no fixed timeline stated in the listing. The more significant continuity protection is the team: four skilled technicians and an office manager staying with the business means day-one operational continuity is not dependent on the seller alone. That is structural, not negotiated.

No broker involved. Seller listing directly. No commission or intermediary fee disclosed. Standard transaction costs apply: legal, diligence, and any SBA fees. No undisclosed fees visible from the public listing.

Two independent confirmation points are met: (1) the BizBuySell listing includes consistent operational and financial disclosure with an explicit reason for sale and transition framework, and (2) the listing's description of a 25-year operating history in a specific geographic market is verifiable against the stated commercial client relationships and market position. The business has no digital presence — no website, no SEO, no Google Business profile. That absence is precisely what the listing describes as a growth lever. The Docket does not penalize for it. It does constrain independent verification beyond the listing itself.

This is a single operating business with a 25-year owner retiring. There are no prior investor exits because there are no prior investors — this is an owner-operator exit, not a fund. The operator's track record is measured differently here: 25 years of uninterrupted operation, a loyal commercial and residential client base, and a team stable enough to generate consistent revenue without any marketing investment. That is a meaningful form of track record, scored accordingly.

Full-service glass — commercial and high-end residential — for 25 years in the same geographic market. Not a diversified operator who entered glass from an adjacent trade. A specialist with deep market knowledge and established relationships in a single skilled craft. Asset class depth is high. Full marks.

The listing discloses financials, employee structure, facility details, rent, FF&E, inventory, reason for sale, and transition framework — more detail than most BizBuySell listings at this price range. One point withheld: the business has no independent digital footprint. There is no Google profile, no public website, no review history that The Docket can verify outside the listing itself. The NDA-gated location is standard practice, not a concern.

The Southeastern New York market and broader tri-state region is one of the highest-density concentrations of high-net-worth residential real estate in the country. Custom residential glass — architectural glazing, custom railings, high-end installations — serves a client base that is not price-sensitive and does not defer renovation spend the way primary markets do in downturns. The commercial side serves general contractors and developers in a region with sustained construction activity. This business has never needed marketing because the market delivers demand organically at the premium quality tier. That dynamic does not exist in commodity trades. One point withheld for the geographic concentration inherent in any single-market operator.

The current rate environment is a modest headwind for SBA-financed acquisitions. At a $985K purchase price the absolute debt service number is manageable — annual debt service on an SBA structure of approximately $95K–$110K leaves substantial free cash flow at the stated SDE level. The business's rent of $5,000/month ($60K/year) is low relative to revenue and provides operational cost stability that is not always available in this market. Two points withheld for the rate headwind on leveraged structures.

A specialty trade business serving high-end residential and commercial clients in the New York metro is among the more cycle-resistant SMB acquisition targets available at this price range. The client base — custom residential, commercial developers — maintains spend on quality trades through economic variation in ways that discretionary services businesses do not. Full marks.

The business has no Google presence. A new owner who creates a profile, actively solicits reviews from the existing client base, and runs a modest Google Local Services campaign is looking at meaningful inbound lead growth from clients already searching for exactly this service. The market demand exists. The visibility does not.

Commercial general contractors in the New York metro regularly need qualified glass subcontractors for new builds and renovation projects. The business already serves this segment. A new owner who proactively cultivates 10–15 additional GC relationships is expanding the commercial pipeline with no incremental service capability required.

Architectural hardware, custom metal railings, and specialty glazing are natural extensions for a full-service glass shop with skilled craftspeople already on staff. Higher-margin services that serve the same client base. No new hiring required to test the opportunity.

Three years of tax returns and month-by-month revenue by client type — custom residential vs. commercial vs. project-based vs. recurring maintenance. The 25% SDE margin is stated but not decomposed. Decomposing it is the first diligence task.

How many clients represent what percentage of revenue? A business this size serving high-end residential could derive a material portion of revenue from a small number of ongoing relationships. If two or three key client relationships represent 40%+ of revenue, that is a transition risk that affects the thesis materially.

The listing states rent of $5,000/month but does not disclose lease term, renewal options, or landlord relationship. For a business that operates from a fully equipped workshop, lease continuity is a material operational dependency. Confirm the remaining lease term and renewal rights before submitting a letter of intent.

The four skilled technicians represent the operational core of the business. Whether the team views the ownership transition positively — and whether there is any key-person dependency on the owner that could affect retention — is a diligence conversation, not a listing question.

The FF&E is fully paid off and described as a turnkey workshop. Age and condition of major equipment — cutting tables, edging machines, specialty tools — affects the near-term capital expenditure picture. A shop with equipment approaching end-of-life is a different acquisition than one with recently maintained tools.