Annual Revenue: $16,831,825
Net Cash Flow: $1,019,291
Location: NYC, NY
Well-established NYC based Construction Company performing high-end interior and exterior renovation work for 2 decades with large company-owned Queens corporate office offered for immediate sale.
The company boasts many outstanding relationships with leading architects, property managers and commercial landlords guaranteeing a steady stream of preferential bidding opportunities. They have capital maintenance contracts with local universities, schools, and offices that provide them with stable cash flow while also working on large lucrative projects.
Exterior services include street restoration, entrances renovation, roof restoration, scaffolding, door and window replacement, façade restoration, demolition, and construction of new facilities. Interior services include renovation and installation of custom cabinets, hardwood flooring, stair renovation, kitchen and bathroom renovation, tiling, waterproofing, and other restoration work.
Projects range in revenue from the tens of thousands to over $1m per job. Ownership and management’s ability to recruit and retain expert tradesmen has attracted the attention of NYC’s top real estate professionals. In turn, the company has been rewarded with complex but highly profitable contracts such as landmark preservation and exterior facade work.
The owner of the business also owns the real estate which can be purchased or leased.
It is a nearly 18,000 s.f. lot improved by a 3000 s.f. single-story warehouse in a highly sought-after industrial corridor in NYC permitting easy access to Manhattan, Brooklyn, and Queens. Completing this turnkey offering is a special riggers license permitting multiple large-scale project bidding with limited competition, well- equipped warehouse and skilled management willing to stay on post-sale. They have grown each year over the last several years.
Real Estate: $4,000,000
Reason For Sale: