MAJOR VARNISH AND SPECIALTY PAINT DISTRIBUTER
(Retail, Paint/Decorating/Wallpaper, Retail, Hardware Stores; Wholesale Distribution; Wholesale Distribution, General Wholesale)
Brooklyn, New York
Listed Price: $ 2,995,000
Listing ID: XC111456
Listing DetailsDown Payment: $ 2,995,000
Gross Revenue: $ 4,600,000
Cash Flow: $ 845,000
FFE: $ 150,000 (Included in Price)
Inventory: $ 700,000
Form of Ownership: S Corp
Reason for Sale:
RETIREMENT
Training & Support:
SELLER WILL COMPLETELY TRAIN
Listing SummaryBusiness Description:
MAJOR SPECIALTY PAINT AND VARNISH DISTRIBUTER
The Company was established over 60 years ago. Since then, the name is well known as the primary source for almost all your coating needs. At this Company, voice mail is a sacrilegious term, we're there for you on the spot. Whether you need a custom mix, technical support or just friendly advice, here at the Company our customers are our partners in success. It is in our interest that your business succeeds.
At Our Company you will find products not ordinarily found in other paint stores or home centers:
• Furniture refinishing
• Wood coatings
• Heavy industrial maintenance coatings
• Leather repair products
• Theatrical, exhibit and display colors
• Faux finishing products and tools
• Interior and exterior paints
• Safety equipment
• Gilding products
At Our Company we have set goals for ourselves which are:
• To deliver your orders as quickly as possible.
• To remain on top of all the latest technologies and styles.
• To sell products that are environmentally and humanly safe.
• To customize our products and colors to your specifications in small or large quantities.
• To provide our customers with top quality products at the most competitive prices.
Historical Summary:
The Company was established over 60 years ago. Since then, the name is well known as the primary source for almost all your coating needs.
Owner Qualifications:
Retail experience. Experience in this industry is helpful but not neccessary
Competition:
LIMITED. This is the standout leader in this Arena
Potential Growth:
The stores are currently closed from Friday afternoon until Monday AM,
UNLIMITED possibilities by opening on Saturday and Sunday. In addition there is the possibility to expand to the entire Metro Area.
Financing/Terms:
None
LocationLease Expire: 0000-00-00
Lease Security: 22000
Monthly Rent: $ 11,000
Square Footage: 8000
Facilities:
TWO LOCATIONS 3 trucks ( two new) Located in a Major enterprise zone in Brooklyn, New York
OperationYear Established: 1945
Last Acquired: 1989
Days & Hours of Operation: MON-THURS 7:30-5:30 FRI 7:30- 2pm
Employees: Full Time: 9 / Part Time: 1
Managers: 2
Absentee Owner: No