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A well-established company specializing in finishing for a wide variety of clients is available for sale in New York. With a diverse range of customers from millworkers to architects, furniture and cabinet manufacturers, boat builders, and piano makers, this company has earned a stellar reputation with high-end clients who appreciate their specialty services and ability to meet tight deadlines. This family-owned niche company began in 1984 and has grown steadily since its beginnings, with consistent gross revenue/sales of well over $1 million in earnings reported since 2015.
The company has made significant investments in new technology and equipment, allowing them to expand the services which they offer and increase their areas of focus, such as offering finishes which other companies do not offer. This has resulted in an expanding portfolio of customers and repeated work with internationally known corporations. Equipment and inventory worth over $500,000 is fully owned by the company, is in excellent working condition, and is included in the sales price.
The economic power and energy that is a natural part of New York City fuels the continued growth and expansion opportunities for this business. Currently located on Long Island, this business has several viable options for locations. The company currently operates in two warehouse facilities within the same complex, with a total of 20,000 square feet of space. This arrangement could be continued, with the new owners leasing the space from the current owners. However, since clients do not typically come to the facilities, another option is that the business could be consolidated into a single facility and moved to another location more convenient to a new owner. The current owners are interested in remaining active with the business for up to a year* in order to facilitate the transition and training necessary to ensure a successful move to new ownership. Of the 10 current employees, several key people have potential to stay onboard, which would also smooth the transition.
There are numerous avenues for growth potential in the business, from hiring additional sales force team members to expanding the company’s exposure at trade shows and through their online presence. This company is also in a prime position to grow in an area of new technology which is not currently being offered by any other company on a large scale, offering another area of rapid growth potential. The business currently operates on a standard Monday-Friday schedule, allowing for even the most hands-on owners to achieve some work-life balance. The current owners are ready to sell their company in order to take a step back and enjoy the fruits of their years of hard work in establishing and growing this successful finishing company.
This is an established business. This is neither a new franchise nor a start-up opportunity
***Please look for an email with the subject "Morgan & Westfield –“Finishing of Manufactured Wood Products” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***
Yes, available for qualified buyers
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