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Broker Name:Lisiten Associates
Broker Email:ron@bbpinc.com
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40 YEAR OLD CONSTRUCTION COMPANY
(Construction Related, Construction (in general); Construction Related, Construction-Specialty Trades)
Staten Island, New York
Listed Price: $ 795,000
Listing ID: XC111-1120

Listing DetailsDown Payment: $ 400,000
Gross Revenue: $ 700,000
Cash Flow: $ 230,000
FFE: $ 42,000
Real Estate: $ 400,000
Inventory: $ 1,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:

RETIREMENT


Training & Support:

SELLER WILL COMPLETELY TRAIN


Listing SummaryBusiness Description:

THIS IMPORTANT CONSTRUCTION COMPANY HAS BEEN IN BUSINESS IN STATEN ISLAND FOR OVER 40 YEARS. RIGHT NOW, THE PHONES ARE RINGING OF THE WALL WITH THE REQUESTS FOR HELP DERIVED FROM HURRICANE SANDY. THE COMPANY HAS APPLIED FOR THE NEW YORK STATE " RAPID REPAIRS PROGRAM"
The Company prides themselves in doing the job right and to the satisfaction of their customers.The Company has been LICENSED HOME IMPROVEMENT CONTRACTORS SINCE 1974 and have been in the field of General Residential and Commercial Contractors far longer.
They pay close attention to the customers needs, to help make their needs and dreams a reality via courteous and professional service. Customers demanding the highest standards of quality and professionalism need look no further than this Company.
This family owned and operated business began in May of 1970. They offer their services to the entire Staten Island community, both residential and commercial. Over the years, they have become a staple in the home improvement business in Staten Island. Those that do not know them by name, certainly recognize their logo which is consistent among their vehicles, uniforms and store front.Driving along the streets of Staten Island for over 40 years has proven to be an effective form of Advertising. They have many regular customers that they have been serving since the 1970's. These customers serve as a symbol of their dedication to quality work and customer satisfaction.
Since the business inception, they have actively participated in the community by serving on the board of many local organizations such as : Staten Island Home improvement Contractors Association (HIC). West Brighton Community Local Development Corporation and the Staten Island Chamber of Commerce. They played an instrumental role in merging the HIC with the National Association of the Remodeling Industry (NAR ).
NAR is a nationally recognized organization with over 58 chapters in the US> We are a valuable asset to the Staten Island Community. As the borough continues to grow, so will the value and service that they provide.


Historical Summary:

In business for over 40 years and a fixture in the Staten Island Community.


Owner Qualifications:

Knowledge of the Construction Business.


Competition:

This is one of the Leaders in the Community and has been for many years.


Potential Growth:

Totally Unlimited especially with the current Situation with the devastation after the Hurricane SANDY. We expect that there will be substantial business for years to come.


Financing/Terms:

NEGOTIABLE


LocationLease Expire: 0000-00-00
Option: 5 years
Lease Security: 3200
Monthly Rent: $ 1,600
Square Footage: 800
Facilities:

The company operates from a storefront in Central Staten Island. The company's facilities including their offices and Building are for Sale as well at $ 400,000.00 ( current estimated value).


OperationYear Established: 1970
Days & Hours of Operation: 8-5 m-f
Owner Hours: 40
Employees: Full Time: 6
Absentee Owner: No