Listing Number: 6842-823609
Description
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. The introduction of advertising and marketing (not currently employed) would also greatly promote growth.
Listing Details
- Price: $ 1,600,000
- Down Payment: $1,600,000
- Sellers Discretionary Earnings: $ 537,803
- Total Sales: $ 1,624,191
- Location: Nassau County, New York
- Inventory: $ 102,000
- FF&E: $ 70,000
- Employees: 3
- Year Established: 1975
- Reason for Selling: Retirement
- Category: Manufacturing
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