Fabrication and Distribution of Elevator Supplies - Highly Profitable!

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Asking Price:
$5,500,000

Gross Revenue:
$7,800,000
Cash Flow:
 Not Disclosed
EBITDA:
$1,450,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$6,000,000
not included in asking price

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Business Description

Respected name in the steel industry going back multi generations.
This niche distributor and fabricator of multiple applications in the Elevator and Construction Industries, is strategically located near the hub of NYC.

They can handle immediate delivery and fabrication within 24 hours and have HIGH demand in the entire Northeast Corridor, due to minimal local competition.

The company provided supplies to almost all NYC high rise buildings, including The Empire State Building, the Freedom Tower, and the Second Avenue Subway Line to name a few. Currently, they are involved with The Hudson Yards Development and 4 WTC.

This business fares well during recessions. Pre-qualified for SBA 7a and 504 loan.

Total: $5.5mm for the business + 1.2mm for inventory + 6mm for R.E. = $12.7mm

About the Business

Year Established:
1982
Number of Employees:
20
Real Estate:
Owned
Building Sq. Ft.:
40,000
Facilities:
Stand Alone Buidling
$6,000,000 - For sale, 40,000SF warehouse on major local highway. Dual zoned commercial and residential. Clean EPA report.
Market Outlook/
Competition:
Hardly any
Growth & Expansion:
Extreme Growth Opportunities
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Will Provide

Listing Info

ID:
1561837
Ad Detail Views:
225

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$
months
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Business Listed by

Carol Shin

Inbar Group Inc - Business Brokers

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Sponsoring Broker:

Jay M. Inbar,Certified Mergers &Acquisition Pro
Inbar Group Inc - Business Brokers

U.S. Census Data for Essex County, NJ
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Essex County, NJ
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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