Construction & Property Maintenance
(Services, Landscaping and Construction)
New York
Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

 

The business facility consists of a 4,000 square feet building plus 5,000 square foot storage area for the various equipment included in the sale. The facility consists of warehouse area and offices in a clean attractive setting with substantial private parking. This business is located in New York State on an active county road which is convenient to its various customers. 

 


SummaryBusiness Description:

Owner retiring after twenty five years in business for this successful general maintenance Construction Company servicing a large volume of multi-family residential & commercial properties which include various contract agreements between the parties. The company also provides landscaping services to its substantial customer base throughout the areas. The company services a number of commercial properties, has a gross income of $1,825,000 and a 2014 yearly net income of $440,000. The sale includes various commercial vehicles representing hundreds of thousands of dollars in replacement cost. The business is located in an urban area of New York State. Based on the asking price, required down payment of approximately $500,000 and net income this business will supply a dependable consistent return to the owner operator prior debt service. Owner retiring to Florida after many years of success in this industry. The sale includes numerous vehicles including a various equipment required for this particular industry and an equipment list is available upon request. This particular service business has fifteen employees who are unaware of the pending sale and fully expected to remain post closing. This commercial location has substantial private parking on the site as part of the lease. The business is operational twelve months yearly with a five day work week. The business has the necessary State contractor’s license to conduct this service.The business has an assignable five year commercial lease expires 2020/01/01with a monthly rent of $7,000, rent security of $10,000. The business presently has a limited marketing plan & web site and if improved can further developed the business gross income. This company has long standing relationships and a positive reputation in the industry which insures on going future business, also the seller has agreed to supply an appropriate non compete agreement to the new operator. The seller will remain post closing and supply an appropriate transitional period. The business gross yearly income is $1,825,000 and a yearly net income of $440,000. The business has been valued at $875,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. Because the sale of this business is confidential to the employees and public, all viewings are by appointment only and photo may not represent the particular business operation.