Profitable Industrial Tool And Rigging Supply Co
Relocatable, NY Nassau County
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- RE: Profitable Industrial Tool And Rigging Supply Co
- Contact: Eric Straus
Quick Facts
| Asking Price: | $1,700,000 | |
| Annual Revenue: | $1,551,079 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $553,934 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $70,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 3 | |
| BBN Listing #: | 235535879 | |
| Broker Reference #: | 6842-823609 |
Business Overview:
This family business supports the steel industry by supplying it with tools, and by manufacturing wire and nylon slings for rigging. Established in 1975, the Company was started by the father, and purchased from him by his children in 1993. The Company services every tool it sells and delivers within the NY Tri-State area. The $1 Trillion US Infrastructure Bill passed in November 2021 promises vital investment in areas from roads, bridges and trains and therefore presents a major growth opportunity for the Company.
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Property Features and Assets:
Monthly Rent: $6,000.00 Square Units (Foot, Meter): 3,549 Facilities: Seller owned facility; will sell separately.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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