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Hybrid Tech Company In New York City For Sale

New York City, New York
Asking Price:
$875,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,091,016 (USD)
Cash Flow:
$412,081 (USD)

**For a qualified buyer this business has been pre-approved for a bank loan. A new owner would have to invest $90,000 as a down payment, and based on historical data, would make $306,313 in the first year after paying back the loan.**

A leader in digitization realm has come to the market. They have been in business for over 10 years with 100% customer satisfaction rate. They are experts at converting all media formats and have the ability to convert photo, film, video and audio formats and deliver it on Hard Disk or the Cloud. Majority of competitors can't handle the same number of formats and types of standards that they can handle. For video, they can convert majority of media made in the last 40 years and have the ability to convert high definition tapes to high definition digital formats when others can’t. They can also handle long running and difficult tapes. Their multimedia, multi format and multi standard make them a different company and have ability to handle majority of requests without question.

By applying consistent policies across their production, service and output standards, they achieve margins that they seek.

Everything is centralized in QuickBooks; hence due diligence will be quick and easy.

They have established clients all over the map. Majority of the work is in NY area but they do get orders outside of NY area. They are a one stop shop for digitalization of all types of formats, along with that they also do hard drive recovery and computer repairs.

Even experts in the industry who own their own digital equipment gives them work because of the quality and the service that the company provides.

Over $200,000 worth of equipment is included. The company is well staffed by trained professionals and if need be can run by itself.

Property information

Real Estate:

Lease

Lease Terms:

The monthly lease is $5680/month (which includes 2 parking spaces) The lease ends in 2018 and current owner is negotiating a new lease. A new owner can also get another lease for another 10 years. If the operations were to be moved to another location there could be reduction in lease.

Location:

The company currently operates out of a commercial office space.

Premises Details:

The business is in a good location where a customer can walk in and drop the order and pick it up.

Size in square feet:
1900 sq. feet

Business Operation

Expansion Potential:

Develop the company app (subscription based) and aggressively bis the high-volume jobs

Competition / Market:

There isn't a lot of competition because of the service, quality and expertise that they provide.

Reasons for selling:

The owner wants to return to Canada.

Trading hours:

Mon-Fri

Employees:
13

Other Information

Support & training:

Transition time of 2 months is offered because the seller wants the business to be successful and can be a consultant working offsite.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$487,500 down and rest in owner financing available

Furniture / Fixtures value:
$200,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

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