Residential & Commercial Flooring

12 Nov Residential & Commercial Flooring

Posted at 13:13h in by Beth A. Reichgott 0 Comments

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Price: $2,650,000

Location: Hudson Valley & NYC, New York

Industry: Construction Related, Flooring

Listing ID: 1337

View Investment Summary

Two highly regarded businesses, one MWBE Certified, are being offered for sale together with the opportunity to purchase a FULLY LEASED commercial building, valued at $5M, in a busy shopping district.

Since its inception over 60 years ago, the Residential Installer has catered to just about every home and many regional organizations in its Hudson Valley market area. It also offers a convenient retail outlet and local warehouse for plenty of in stock merchandise. The highly skilled, knowledgeable, and professional staff provides personal service. The client base is huge, with many repeat customers, and no single client accounts for any large portion of sales.

The NYC Commercial Flooring and Painting firm serves large commercial spaces including the top NYC Hospitals and Higher Education Institutions. It has been their preferred installer/supplier for over 20 years. The two businesses share warehouse/office areas, equipment, and staff in the well-maintained commercial building surrounded by national home
improvement retailers. MWBE Certified.

This is a wonderful opportunity to take over two well established, complementary and profitable businesses. A buyer will also have the option of purchasing the fully leased commercial building. The possibilities are endless. Live and manage both businesses in the beautiful Hudson Valley, under an hour from NYC.

The loyal customer base and solid reputation have been carefully built over many years with a focus on quality and customer service. The owners are currently involved in client relations, commercial estimates, project management and bookkeeping/accounting functions. The staff is loyal, experienced, well trained and capable of managing many aspects of the day to day
business with minimal oversight.

The owners are ready for retirement and prepared to offer a buyer the support and training needed to ensure a seamless transition.

Qualifies for SBA plus seller financing options are available for qualified buyers. Call for more information about terms.

Listing Details

Revenue: $3,449,038

Cash Flow: $791,422

(Included in Price)

Real Estate: (Not Included in Price)

Seller Financing: Available

Lender Pre-Qualified?: Yes

Form of Ownership:

Husband and Wife

Reason For Sale:

Retirement

Training & Support:

The owners are ready for retirement and prepared to offer a buyer the support and training
needed to ensure a seamless transition.

Operation

Days & Hours of Operation: Monday - Sunday / Hours vary by business

Employees: 13

Location

Type of Location: Commercial shopping center.

Square Footage: 16,500 sq. ft.

Facilities Information:

Asking price does not include real estate - The property on which the 16,500 sf commercial building is owned by the sellers and occupied by multiple tenants. It is fully leased. The property is available for sale only to a purchaser of the businesses or to be leased on terms to be negotiated.