High-End home Remodeling - Full Management in Place. In-House Millwork

Queens County, NY
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Sale Pending
Asking Price:$10,000,000
Inventory:$250,000
EBITDA:$2,586,000
Established Year:2012
Gross Revenue:$6,500,000
Rent:$8,690.88
FF&E:$600,000
BUSINESS DESCRIPTION

SELLER IS NOT WILLING TO GO THROUGH SBA OR OTHER LENDING PROCESSES. ONLY WILL SELL TO BUYERS WHO HAVE THE CASH OR INTERNAL FINANCING AVAILABLE IMMEDIATELY. THIS IS NOT AN APPROPRIATE LISTING FOR ANY BUYER WHO IS LOOKING TO UTILIZE SBA OR OTHER CONVENTIONAL LENDING.

High end custom remodeling company with 24 full time employees (INCLUDING 5 full time managers) with FULL Mill-working and wood manufacturing operation IN-HOUSE.

This company specializes in residential high-end condos and co-ops in post-war or pre-war buildings, primarily in
Manhattan. The business comes with a full custom millwork operation IN-HOUSE which gives this business a massive comoetitive advantage and allows them to do kitchen cabinetry and custom closets at a much lower cost and also deliver quicker than most competitors. Buyer should understand the remodeling business. All work will be done by the team in place.

Competition: There are contractors in the area that do similar work but this is one of the only operations that has a full fledged custom millwork shop IN-HOUSE. And the customers
like to have a contractor who can create custom cabinetry. This gives the business a massive edge over all competition.

Expansion Opportunities: If we were younger we'd be making the push to expand into The Hamptons which we'd expect should increase Revenues and net profits very quickly. We are currently concentrated on residential jobs in Manhattan. There are huge growth avenues to get into the commercial market and even start building houses from the ground up.

SELLER IS NOT WILLING TO GO THROUGH SBA OR OTHER LENDING PROCESSES. ONLY WILL SELL TO BUYERS WHO HAVE THE CASH OR INTERNAL FINANCING AVAILABLE IMMEDIATELY. THIS IS NOT AN APPROPRIATE LISTING FOR ANY BUYER WHO IS LOOKING TO UTILIZE SBA OR OTHER CONVENTIONAL LENDING.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
01/02/2029
Employees
24
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Semi-attached building with two parking spaces in the shop and one space outside additional street parking. 5000 sq feet total. The building is in good shape, and well maintained. Two years ago completely gutted the space. New Kitchen, new bathroom. Fully integrated It system and new plotter and new security system with cameras, split hv system for heating and cooling. Key fobs for all doors, and automatic gates. All furniture is custom, new furniture. Conference table, 3 desks, 3 computers, 2 printers, 1 copier scanner, microwave, instant hot water mach
Support & Training
generous transitional support will be provided
Reason for Selling
retirement
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Jon
Sheklow
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Jon Sheklow