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Fabrication and Distribution of Elevator Supplies - Highly Profitable!

Essex County, NJ

Fabrication and Distribution of Elevator Supplies - Highly Profitable!
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Asking Price: $5,500,000

Cash Flow: N/A

Gross Revenue: $7,800,000

EBITDA: $1,450,000

FF&E: N/A

Inventory: N/A

Real Estate: $6,000,000*

Established: 1982

*not included in asking price.

Fabrication and Distribution of Elevator Supplies - Highly Profitable!

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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

Detailed Information

Location:
Essex County, NJ
Real Estate:
Owned
Not included in asking price
Building SF:
40,000
Employees:
20
Facilities:
Stand Alone Buidling $6,000,000 - For sale, 40,000SF warehouse on major local highway. Dual zoned commercial and residential. Clean EPA report.
Competition:
Hardly any
Growth & Expansion:
Extreme Growth Opportunities
Support & Training:
Will Provide
Reason for Selling:
Retiring
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(from currently available funds)
 
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Carol Shin

Business Listed By:
Carol Shin

Inbar Group Inc - Business Brokers

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Sponsoring Broker:
Jay M. Inbar,Certified Mergers &Acquisition Pro

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