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Realestate, Rental & Leasing

College Point, NY 11356

College Point, NY, USA
Updated 18 hours ago

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

Asking Price
$500K
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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