Flooring Business with Optional Real Estate

03 May Flooring Business with Optional Real Estate

Posted at 14:00h in by Beth A. Reichgott 0 Comments

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Price: $2,900,000

Location: Hudson Valley, New York

Industry: Commercial & Residential Flooring Industry

Listing ID: 1337

View One Page Summary

Two family-owned and highly regarded businesses, established in 1960 and 1994, are being offered for sale together with the potential to purchase a commercial building, valued at $5M, in a busy shopping district.

Since its inception in 1960, the retail location has catered to just about every home and many regional organizations in its Hudson Valley marketplace. The highly skilled, knowledgeable, and professional staff provides personal service and always exceeds clients’ expectations. The client base is huge, with many repeat customers, no single client accounts for any large portion of sales. The NYC Commercial Flooring and Painting firm was founded in 1994. It serves large commercial spaces including the top New York City Hospitals and Higher Education Institutions. It has been the preferred installer/supplier for multiple large NYC clients since 2002. Contracts are automatically updated and renewed. Both businesses are housed in a 16,500+/- sf easily accessible, well maintained commercial building surrounded by national retailers. The two companies share warehouse/office areas, equipment, and staff. Additional space in the building is leased to top home improvement and fitness tenants. The owners are ready for retirement and prepared to offer a buyer the support and training needed to ensure a seamless transition. The staff is loyal, experienced, well trained and capable of managing all aspects of the business with minimal oversight by ownership. Flooring industry experience and knowledge helpful but not necessary. This is a wonderful opportunity to take over two highly successful, complementary and profitable businesses that potentially include a fully leased commercial building in a busy retail district. The possibilities are endless. Live and manage both businesses in the beautiful Hudson Valley, under an hour from NYC, or replace the owners with a bookkeeping/office manager, estimator and project manager. The loyal customer base and solid reputation have been carefully built over many years with a focus on quality and customer service

Listing Details

Revenue: $3,695,548

Real Estate:$5,000,000 (Not Included in Price)

Reason For Sale:

Retirement.

Training & Support:

Training is available.

Operation

Year Established: 1960 and 1994

Location

Type of Location: Commercial

Square Footage: 16000

Facilities Information:

The premises are located in a well trafficked business district close to national paint and furniture retailers and major shopping malls. Ample space for large quantities of stock and plenty of parking for clients. The property has excellent signage on a major roadway and is conveniently located for staff, clientele and suppliers.