Elvin Romano

Hedgestone Business Advisors

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hedgestone.com


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Syosset, New York

Affiliated Broker
Hedgestone Business Advisors

About the Company

Hedgestone Business Advisors is a full-service firm specializing in real estate, business brokering, mergers, and acquisitions. We recognize opportunities long before any of our competitors, enabling us to speed up the transaction process and better advise our clients.

Our clients are the reason we are in business, and we always remember that we would not exist without them. Our service is always customized and sharply focused on the specific needs of every client. We succeed only when you do.

Broker Biography

Introduction

Business Broker at Hedgestone Business Advisors.

Areas Served

  • New York County, NY
  • Business For Sale Listings

    $425,000
    Cash Flow: $129,171 
    Long Island City, NY 
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    Profitable Absentee Wine & Spirits Store In Long Island City For Sale

    HS Listing ID-72296Asking Price: $425,000Annual Figures:Gross Revenue: $1,167,499.00Gross Profit: $475,409.00SDE (Net): $129,171.00Annual Expenses:All Expenses Available upon execution of a signed NDA.Rent: $123,347.65 ($10,278.97/Monthly)Business Highlights• Established Long Island City wine and spirits store operating since 2006, with current ownership since 2016• Approximately 40% gross profit margin• Well established reputation specializing in fine wines and curated selections, offering higher margins than traditional liquor stores• Diverse inventory sourced from approximately 40 wine and spirits vendors• Sales mix consists of approximately 80% wine and 20% spirits• Fully staffed with 3 employees all FT , absentee operated business requiring minimal owner involvement• Long tenured staff in place, including one employee with 10 years and two employees with 5 years, providing operational continuity for a new owner• Current 

    $1,400,000
    Cash Flow: $800,595 
    Nassau Co., NY 
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    Profitable Package of Two Neighboring Smoke Shops for Sale (No SBA)

    HS Listing ID-71923Annual Figures: Gross Sales: $1,632,741.68Gross Profit: $1,102,741.68Net: $800,595.61Inventory: Estimated $400,000 between both stores (Sold Separately)Location #1:Asking Price: $1,100,000Annual Figures:Gross Sales: $1,186,019.84Gross Profit: $786,019.84Net: $606,519.08Expenses:Rent/Taxes/CAM: $73,600 ($6,300/Month)Cost of Goods: $400,000Sales Tax: $19,899.92Payroll: $72,000Utilities: $12,000Insurance: $2,000Business OverviewEstablished smoke shop owned and operated for 8 years.Weekly sales ranging from approximately $18,000 to $25,000.Strong sales mix with approximately 70% card transactions and 30% cash transactions.Beer sales generate approximately $1,000 to $2,000 per month.New York Lottery commission income of approximately $10,000 to $12,000 annually.Owner is absentee friendly, visiting the store periodically but not required for 

    Premium
    Kyle Atwood Serving Franklin County, OH

    I've been on your side of the table. Before I became a broker, I owned a construction company for five years. I made payroll, managed crews, chased bids, and navigated the grind that every business owner knows. I've also managed regional operations for LKQ Corporation — a publicly traded, Fortune-level enterprise in the automotive parts and salvage industry — where I learned how sophisticated buyers think, what they look for, and how deals get done at the highest level. That combination — owner experience plus corporate operations plus nearly a decade in real estate — is rare in this business. It means when you sit across from me, you're not talking to someone who read about your world in a textbook. You're talking to someone who's lived it. What I Do Differently There's no shortage of business brokers. Here's what separates my approach: One advisor, start to finish. You work directly with me — not an assistant, not a rotating team. I write your valuation, market your business, field buyer calls, and negotiate your deal personally. Institutional-grade valuations. I don't estimate your value — I build a defensible, data-driven analysis rooted in real market comparables and current buyer appetite. That number holds up through negotiation and due diligence. Capital Migration Strategy. Through the Hedgestone Global Network, I identify where investment capital is actively moving and position your business in front of it. Your ideal buyer may be in Dallas, Charleston, or Columbus. I find them. Real estate, handled. Licensed since 2016 in both residential and commercial real estate, I manage the property component of business transactions that most brokers hand off. Cleaner process. Fewer moving parts. Better outcomes. Absolute confidentiality. Your employees, customers, and competitors don't need to know you're exploring a sale. Every listing is airtight until you say otherwise. Zero upfront fees. I don't get paid until you do. Full alignment from day one. My Background Owner & Operator — Construction Company Regional Operations Management - Automotive Parts and Salvage Licensed Real Estate Professional since 2016 — Residential & Commercial Business Broker — Hedgestone Business Advisors Who I Work With I represent sellers and buyers across manufacturing, construction and trades, service businesses, healthcare, retail, and more — primarily across Ohio, West Virginia, Texas, and South Carolina, with national reach through the Hedgestone Global Network. Not ready yet? That's fine. The best time to know your business's value is before you need to sell it. A free, confidential valuation costs you nothing — and changes how you think about every decision you make going forward. Wherever you are in the process, the first conversation is always free.

    Peter Nicolosi Serving Suffolk County, NY

    Joanna Lambert Serving Suffolk County, NY

    As a business broker, I focus on helping buyers and sellers move through transactions efficiently and professionally. I stay involved throughout the process and prioritize communication, momentum, and results.

    Ali Mir Serving New York County, NY

    Fernando Recinos Serving New York County, NY

    With over 12 years of B2B and B2C sales experience, Fernando Recinos brings a dual perspective to the M&A table: the drive of a seasoned negotiator and the practical intuition of a small business owner. At Hedgestone, Fernando leads a specialized team focused on delivering high-value exits across three core pillars: Healthcare, Food & Beverage (F&B), and the Skilled Trades. Fernando has established a premier reputation in the F&B sector, navigating everything from single-unit operations to complex multi-unit portfolios. His recent work in Healthcare has seen him lead high-velocity transactions within the Pharmaceutical industries, where regulatory precision and valuation accuracy are paramount. Additionally, his firsthand experience as an owner allows him to speak the language of Service-based businesses, specializing in the valuation and sale of HVAC, roofing, and plumbing companies. Whether advising institutional groups or private founders, Fernando ensures that every transaction is rooted in strategic market positioning and a seamless ownership transition.

    Brandon Vanderbeck Serving New York County, NY

    Emily Le Serving Suffolk County, NY

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