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Manufacturing

Long Island Millwork Business $1.3M Assets Included

Long Island City, NY, USA
Updated 123 days ago

HS Listing ID-71721 100% absentee-owned and operated — full management team in place from day one, requiring zero involvement from the owner Business generates $1.8M in gross revenue entirely through word-of-mouth referrals with absolutely no marketing spend — massive untapped upside for a buyer who applies even basic advertising or social media Hard asset value exceeds the asking price — over $1.3M in equipment, machinery, vehicles, inventory, knife library, and showroom build-out included in the sale Owner-operator conversion opportunity — currently operating with a General Manager. A buyer willing to step into an active role immediately captures that as additional personal income on top of net profit Rare library of 4,500+ steel molding profile knives valued at $450,000 — a defensible competitive moat covering virtually every major manufacturer profile that would cost far more to replicate Broad 40+ product and service offering across residential luxury millwork eliminates customer concentration risk and provides year-round revenue stability Business is on a proven growth trajectory — $1.8M gross in both 2024 and 2025 with net profit of $200,000 in 2024 demonstrating strong earning power under the right cost structure Favorable lease in place — 10-year lease currently in year 5 with approximately 5 years remaining; seller will contribute 25% of the monthly rent ($2,175/month) in exchange for subleasing a small corner of the warehouse back after the sale Financials Total Annual Gross Revenue: $1,800,000 (2024 & 2025) / $2,000,000+ projected (2026) Total Annual Net Profit: $200,000 (2024) / $90,000 (2025) / $100,000 projected (2026) Lease Details Total Monthly Rent: $8,700 Buyer’s Monthly Rent Obligation: $6,525 (75%) Seller’s Monthly Contribution: $2,175 (25%) via sublease of small warehouse corner Lease Term: 10 years — currently in year 5 (approximately 5 years remaining) A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Lease Terms

Lease Term: 10 years — currently in year 5 (approximately 5 years remaining)

Real Estate

Lease

Leasehold Rent

$104,400 per annum

Management Type

This business has absentee ownership.

Support & Training

Yes.

Inventory / Stock Value

$1,300,000 - included in the asking price

Reason for Selling

Other business interests.

Financials

Asking Price
$1M
RevenueMost Recent Year
$1.8M
Earnings (SDE)Last Reported
$100K
Assets Value
Undisclosed
Seller Financing
Not available

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