Brooklyn, New York, United States
| Asking Price: | USD $2,995,000.00 |
| Gross Income: | USD $4,600,000.00 |
| Cash Flow: | USD $845,000.00 |
| Fixtures & Fittings: | USD $150,000.00 |
| Stock & Inventory: | USD $700,000.00 |
| Owner Financing: | No |
| Year Established: | 1945 |
| Trading Hours: | MON-THURS 7:30-5:30 FRI 7:30- 2pm |
| Employees: | Full Time: 9, Part Time: 1, Managers: 2 |
| Terms of Sale: | Share Capital |
MAJOR SPECIALTY PAINT AND VARNISH DISTRIBUTER
The Company was established over 60 years ago. Since then, the name is well known as the primary source for almost all your coating needs. At this Company, voice mail is a sacrilegious term, we're there for you on the spot. Whether you need a custom mix, technical support or just friendly advice, here at the Company our customers are our partners in success. It is in our interest that your business succeeds.
At Our Company you will find products not ordinarily found in other paint stores or home centers:
• Furniture refinishing
• Wood coatings
• Heavy industrial maintenance coatings
• Leather repair products
• Theatrical, exhibit and display colors
• Faux finishing products and tools
• Interior and exterior paints
• Safety equipment
• Gilding products
At Our Company we have set goals for ourselves which are:
• To deliver your orders as quickly as possible.
• To remain on top of all the latest technologies and styles.
• To sell products that are environmentally and humanly safe.
• To customize our products and colors to your specifications in small or large quantities.
• To provide our customers with top quality products at the most competitive prices.
Historical Summary: The Company was established over 60 years ago. Since then, the name is well known as the primary source for almost all your coating needs.
Owner Qualifications: Retail experience. Experience in this industry is helpful but not necessary
Expansion Potential: The stores are currently closed from Friday afternoon until Monday AM, UNLIMITED possibilities by opening on Saturday and Sunday. In addition there is the possibility to expand to the entire Metro Area.
Competition & Market Info: LIMITED. This is the standout leader in this Arena
Reasons for Sale: Retirement
Support & Training: SELLER WILL COMPLETELY TRAIN
Property Type: Leasehold
Lease Terms: Expires 12/31/2020
Leasehold Rent: Lease Security: $22,000, Monthly Rent: $11,000
Premises Details: TWO LOCATIONS 3 trucks ( two new) Located in a Major enterprise zone in Brooklyn, New York
Size (Sq m or ft): 8000 sq ft
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