Annual Revenue: $4,557,000
Net Cash Flow: $464,000
Location: Hudson County, New Jersey
Established over 100 years, this company has a knowledgeable eager staff that provides a full range of affordable and luxury products from all the top manufacturers for kitchens, baths & plumbing, a veritable home improvement center to the trade and the public. Clientele includes architects, designers, builders, contractors, plumbers & homeowners. They have the latest designs for sinks, vanities, showers & custom shower doors, bathtubs, toilets, decorative hardware, medicine cabinets & a wide variety of countertops & cabinetry in the latest materials & finishes. This business-essential home center offers traditional home center goods & sundries.
There are multi–level showrooms in the MAIN BUILDING (to be sold at fair market value, not included in the asking price listed above) and sales floors featuring design centers for kitchens & baths.
- Custom glass doors
- Home center goods and sundries
- Benjamin Moore Dealer
- Hardware with a national franchise
There is also a SECOND BUILDING which houses inventory and a custom millwork shop (also to be sold at fair market value, not included in the asking price listed above both buildings are in prime upscale thriving urban locations, close to major public transportation hubs to New York City & readily available customer parking. Specializing in apartment house supply & medical practices.
Reason For Sale:
Owners Looking To Retire.
Training & Support:
Owners are willing to assist and train into a smooth transition.
There are 2 properties, the main 3-floor store with 2 showroom floors for kitchen and bath 17,000 SF. The second is a warehouse that houses inventory and custom millwork and countertop production shop 10,000 SF.
Options to purchase both properties at fair market value or lease.
Inventory subject to negotiations.
Major Potential Growth for the savvy owners to promote online sales. Having the current owners and the buyer formulate a growth strategy plan together to create a further expansion of the business, particularly in the area of an online presence.