College Point, NY 11356
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
Rent
$12,000/M + property taxes ($1,400/M)
Size
8,800 Sf.
State/county
NY
Business Type
LED lighting billboard wholesale
Property Type
Retail, Warehouse & Distributors
Financials
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