Business for Sale Overview:
This company was awarded the #1 worldwide reseller award for 2008 for the product they represent. They have been selling POS solutions to the restaurant industry since 1987. They provide and maintain complete customized solutions for POS and back office to help restaurants operate smoothly. With over 350 customers in the metro NY area along with 23 years of success and customer goodwill, this is a great opportunity to own a market leader with great profitability. The initial sale typically has a 100% markup over cost, and revenue can continue with service contracts that bring in 10% of the original sale price annually. Cash flow is roughly 1/3 of revenue which has been stable at over 1,200,000 for many years. Recurring revenue from service contracts adds more profit. This business can be located anywhere in the NYC Metro area.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Office has 1,200 square feet of space to accommodate the staff and supporting equipment. The business can be relocated as they do not have a retail operation and customers do not visit their office.
Market Competition and Expansion:
Competition: The company has 23 years of success and good will in the NY area, and is ranked #1 nationally for the product they represent and operate in the NYC Metro market so the prospects are unlimited.
Growth and Expansion: Since they serve the restaurant community in the metro NY area, the market is unlimited as restaurants open continuously.
Reason for Selling:
After 23 years of success, the seller wants more
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.