Elevator Company - 35% Annual Growth

New York, NY
New York County

NY Area

Asking Price: Annual Revenue:
$6,500,000 $9,200,000

Services: Construction, Contractors

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RE: Elevator Company - 35% Annual Growth Broker: Raj Sheth

Quick Facts

Asking Price: $6,500,000
Annual Revenue: $9,200,000
Net Profit: Not Disclosed
Cash Flow: $900,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 951226891
Broker Reference #: Not Disclosed

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Business Overview:

Industry-leading residential and commercial elevator and lift company with/without property offered for immediate sale in the greater NY area. The company boasts nearly three decades of success and is sought-after for its building code expertise in the selection, design, installation, maintenance, and service of equipment in this burgeoning industry. Luxury home developers wishing to offer an increasingly common amenity, ever-surging number of baby boomers seeking to maintain independence, and business and building owners needing to be ADA (Americans with Disability Act) compliant combined with an outstanding reputation among builders, architects, and affluent homeowners provide a steady stream of opportunities for continued growth. This is evident by the remarkable 35% increase in year-over-year top-line sales and a 51% increase in the last two years alone!

Ownership and management's commitment to excellence in every phase of the business ensure customer satisfaction and seamless coordination in the delivery of an unparalleled "one-stop-shop" experience. Multiple strategies to further scale the business include the introduction of new product lines, acquisition of smaller regional competitors, and expansion of an already lucrative maintenance, inspection and service/repair department. Transparent owners willing to stay on for an extended transition, a well-trained field and office staff, fully equipped corporate-owned showroom/warehouse and young fleet of service vehicles complete this outstanding offering.

Asking price (with property): $8,400,000
(w/o property): $6,500,000

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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