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.
Gross Revenue: $7,000,000
Cash Flow: $1,300,000
FFE: $500,000 (Included in Price)
Real Estate: $5,000,000
Reason For Sale:
Training & Support:
Year Established: 1982
Days & Hours of Operation: M-F 6 to 10pm
Owner Hours Per Week: Absentee
Type of Location: Stand Alone
$5,000,000 - For sale, 40,000SF warehouse on major local highway. Dual zoned commercial and residential. Clean EPA report.