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Fabrication and Distribution of Elevator Supplies – Highly Profitable!

Price: $5,500,000

Industry: Wholesale and Distributors

Listing ID: 1015

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

Listing Details

Gross Revenue: $7,800,000

EBITDA: $1,450,000

FFE: $500,000 (Included in Price)

Inventory: $1,200,000

Real Estate: $6,000,000

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.