Available

Industrial Chimney Installation Company - $5.2M Gross - Est 15 yrs. - Seller Retiring - Property Available

$1.990.000

  • 1 Views
  • Jul 28, 2023
  • Farmingdale, New York

 
 
Financial Information
Gross Sales $5.200.000
Asking Price $1.990.000
Net Cash Flow $611.000
Property Information
Category Retail - Liquor - Beer Dist
Business Name EMG Industrial Chimney
Gross Sales $5.200.000
Name Industrial Chimney Installation Company - $5.2M Gross - Est 15 yrs. - Seller Retiring - Property Available
Headline Commercial & Industrial Services - For ALL Chimney Needs - Servicing NYC for over 15 yrs.
Description

Commercial Chimney Installations , Service & Repair company for sale!  NY based company servicing all NYC Commercial & Industrial buildings.  For over 15 yrs this well established company has been providing customers with the best service in commercial chimney liners , oil to gas conversions , new external stacks , chimney extensions , smoke tests , video scans , acid testing and just about everything this industry calls for. ALL equipment , tools , vehicles and everything needed to continue this 5 star company is included and in good condition. Seller will stay on for an agreed amount of time for a smooth transition & training. Any (buyer) company in the construction field that's in synergistic nature, can save hundreds of thousands of dollars in absorption of insurance expenses, Adding that amount to cash flow. Huge upside to this company is tapping into the residential market which the current owner does not take advantage of.

  • There is a machine shop available on site. under utilized

  • There is an option to purchase the property which can be discussed with a qualified buyer and proof of funds.

  • 22 employees / 5 office , 17 techs

  • 5 vehicles

  • 2020 = $5.9M / 2021= $5.1M / 2022 =$4.9M / 2023 = projected to do over $5.2M.

  • Only 3 competitors  in this space 

  • Building ASKING 2.2mm Priced to Sell

Overview
Property ID: 12223
Type: Retail - Liquor - Beer Dist
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