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Distribution and Fabrication of Elevator Supplies to the NYC Construction Trade with PRIME Real Estate

Price: $5,500,000

Industry: Wholesale and Distributors

Listing ID: 00705

Back On The Market due to buyers private financingfalling through.  Respected name in the steel industry going back multi generations.  A niche distributor and fabricator for multiple applications in the Elevator and Construction Industries.  Strategically located near the hub of NYC, the company can handle immediate delivery and fabrication within 24 hours. Due to being one of the only providers LOCALLY in the NYC area, they are in high demand in the entire Northeast Corridor.  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. The go-to elevator supply company for the construction and elevator industries with minimal local competition. This business fares well during recessions.

Total: $5.5mm for the business + 800k for inventory + 5mm for R.E. = $11.3mm

Pre-qualified for SBA 7a and 504 loan.

Listing Details

Gross Revenue: $7,000,000

Cash Flow: $1,300,000

FFE: $500,000 (Included in Price)

Inventory: $800,000

Real Estate: $5,000,000

Reason For Sale:

Retirement

Training & Support:

Will Provide

Operation

Year Established: 1982

Days & Hours of Operation: M-F 6 to 10pm

Owner Hours Per Week: Absentee

Employees: 20

Managers: 2

Location

Type of Location: Stand Alone

Facilities Information:

$5,000,000 - For sale, 40,000SF warehouse on major local highway. Dual zoned commercial and residential. Clean EPA report.