Call us now : (201) 774-3555

College Point, NY 11356

  • $500,000
College Point, NY 11356, USA
Active
College Point, NY 11356
College Point, NY 11356, USA
  • $500,000

Description

Business Name: Olive LED
Business Type: LED lighting billboard wholesale
Asking Price: $500,000
Rent: $12,000/M + property taxes ($1,400/M)
Lease: By Feb. 2025 (Renewal or new lease available easily)
Size: 8,800 Sf.
Gross Income: $1,800,000 (in 2020)/ $2,600,000 (in 2019)/ $2,800,000 (in 2018)
Net Income: $250,000 (2020)/ $400,000 (Before Pandemic)
Payroll: 6 pp (monthly $3,943×4/ $4,000×1/ $3,500×1)
Reason to sell: Owner retirement
3 outstanding reasons to buy
1. One of the biggest Korean LED lighting advertisement companies in the USA
2. Various income sources – dealer account 50%/ Amazon account 40%/ retail account 10%
3. Stable net income

Details

Updated on June 12, 2024 at 9:26 am
  • Price: $500,000
  • Business Type: Retail, Warehouse & Distributors
  • State/county NY
  • Zip/Postal Code 11356

Schedule a Consulting

Consulting Type

Similar Listings

Compare listings

Compare
Jason Shim
  • Jason Shim