Rapt is a middle market intermediary firm involved in commercial finance, business brokering, valuations, and planning. Our company name, Rapt, was chosen to convey our deep commitment to providing our complete, undivided attention to our task. We are professionals who approach each of our engagements with Intensity, Integrity, Fairness and Honesty.
Our basic strategy is to negotiate on merits and conduct principled negotiations, requiring that both parties negotiate on objective standards that focus on interests and not positions. This strategy is best accomplished by presenting mutually advantageous options (“win-win” options) that make it easier to reach a conclusion. In our experience, this expedites the process and leads to successful negotiations that are acceptable to both sides.
Our relationship with the owner of a privately held company is a highly personalized hands-on service. We do not hand off work to junior associates once an agreement has been signed to represent a client company. We work closely with owners and their advisors from the beginning to gain an in-depth level of knowledge about the company. Every organization is different and we strive to gain an understanding of the uniqueness of each company that ultimately becomes a driver in the associated value.
Our principal, Angelo A. Ferrara, has advanced degrees in both business administration and engineering and has taught finance courses to MBA candidates. Prior to opening Rapt, he operated a manufacturing company and brings a “hands on” business experience to the buying and selling process. He is a member of the International Business Brokers Association (IBBA) and has achieved their designation as a Certified Business Intermediary (CBI). As one who has experienced owning and operating his own business, he understands that in he must act as a mentor to his client as well conduct successful negotiations.
Kings County, NY
This profitable and well-maintained large family-run laundromat is located in a safe, diverse, and growing Brooklyn neighborhood. It's doubtful you'll uncover another gem like it. Steady customer flow from 7am-1am seven days/week. The seller is the landlord, so getting a new and long lease of at least 5 years will not be a problem. The laundromat has 30 washers (18 regular, 8 large and 4 super large) and 30 dryers (15 Huebsch Originator Twin 30s), all approximately seven years in use requiring only minor repairs and maintenance. In-house drop-off laundry service and the out-sourcing of dry cleaning together equally contribute toward about $100K of the $300K in gross revenues. The other $200K is from self-service use of the machines. Additional income from coin changing machine, an ATM on premises, a variety of vending machines, a massage chair and miscellaneous other revenue generators bring in another $18K of profits. You may want to retro-fit machines with a card reading system, grow the pick-up and delivery business, and do more local advertising. The laundromat is housed in a 5-story, 18 unit residential building, all of which is currently under one water meter. The seller/landlord believes he is fairly representing the laundromat's share ($15,000) of the building's total annual water bill ($22,000) in the accompanying business profile we provide. He will at his cost install a separate water meter for the laundromat at or around closing and is glad to educate buyers who are new to the laundromat business. Please become a premium member at www.vestedbb.com to receive the name and address of this laundromat to do a discreet walk by, then call 1-877-735-5224 for more information about this business.
Brooklyn Bay Ridge, NY
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