Intercom Systems Manufacturer
Location: New York > New York County > NYC
Industry: Manufacturing > Other Manufacturing
Financials
Asking Price: $900,000
Gross Revenue: $1,030,000
Cash Flow: $250,000
Inventory: $50,000 (Included in Asking Price)
FF&E: $150,000 (Included in Asking Price)
Seller Financing: Available to the right Buyer
Business Summary
Successful and innovative company that manufactures, sells, installs, services and repairs a full range of products, including company owned patent on semi and full automatic, non - telephone line intercom systems, CCTV systems, government approved horizontal and vertical mailboxes, magnetic locks, elevator devices, roof alarms, aluminum entrance doors, store fronts, temper glass, hi security cylinders including master cylinder systems. Company has successfully developed and patented unique intercom systems - fully manufactured and assembled in-house - that have been sold and installed in aprox 50,000 apartments throughout the five boroughs and NJ, and approved by the HPD, ensuring steady recurring revenue for services and repairs. Huge mark ups on systems and products. Installations and repairs are performed by reliable subcontractors. Large and stable customer base that comprises of dozens of building owners, real estate management companies, retailers, general contractors and electricians. Business operates out of a 3,500 sqft. Company owned manufacturing facility combined with office space in one of the five boroughs, conveniently located near major highways. Organic growth was achieved by word of mouth via quality of products and superior service, but with minimal marketing. Ownership of patented systems, penetration into approx 50,000 apartments, and long term and loyal customer base combined with a proper focus on marketing can provide an amazing growth opportunity for the right Buyer, ideally with a related background. Owner will consider staying on with buyer for a period of up to two years.
About the Business
Year Established: 1991
Employees: 11 full time -
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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