Garage Door Retailer And Installer,Suffolk County
Garage Door Retailer And Installer,Suffolk County
Price: $1,950,000
Location: Suffolk County, NY
Industry: Retail Trade
Listing ID: Rapt5597
This is an excellent opportunity to acquire a long-established, profitable residential & commercial garage door retailer & installer. The owner has reached retirement age and wants to enjoy more leisure time and activities. The business can be acquired with a small investment as SBA financing of $1.875MM is available to a qualified buyer.
This business has rebounded strongly following the pandemic and sales and profits have been growing for the past two years.
The business has an excellent, experienced staff that is expected to remain after the sale. Most of the staff have been with the business for over 10 years.
The home improvement industry continues to experience strong demand, with more people working from home.
Total Sales: $38,479
Cash Flow: $722,000
FFE Included: Yes
FFE: $100,000
Year Established: 1969
Monthly Rent: $7,083
Square Footage: 9000 sq.ft.
Facilities Information:
The business is conveniently located in Suffolk County, on a busily trafficked street.The showroom & warehouse are located in a strip mall, with convenient customer parking in the front. The ~9,000 square foot leasehold Includes a large showroom with a customer restroom, two (2) offices and a break room. The warehouse located in the building rear provides adequate space for inventory, with easy access (overhead garage door). The lease expires in December 2024, but the landlord is willing to provide a new lease to a qualified buyer.
This opportunity has been reviewed with SBA lenders and supporting the asking price, they have indicated that financing of up to $1.75MM could be available to a qualified buyer. We would be more than pleased to refer potential buyers to bankers familiar with this business.
The firm has a strong management team in-place, assuring continued business success. The seller is motivated, and the business has been priced for a quick sale.
Please respond to this ad and you will receive our NDA that can be filled out on-line. Once received, we will forward a complete write-up for your review. You may also visit our website at www.raptbizbrokers to see all our listings and to fill out the NDA for this opportunity.
For more information on this listing, please complete our Non-Disclosure Agreement
