New York City Economic Update:
Economic Recovery Overview:
- Private sector employment and gross city product reach record highs.
- Challenges persist in public wellbeing indicators like increased demand for public assistance.
- Moderate job and economic growth projected through 2028.
Key Economic Indicators:
- Private sector employment: 4.2 million jobs (up 0.3% from 2019).
- Gross city product: $1.07 trillion (up 6% from 2019).
- VC funding: $19.4 billion (down 18% from 2019).
Sector Highlights:
- Healthcare adds 145,000 jobs since pre-pandemic peak.
- Women-led businesses show significant growth in jobs and VC funding.
Challenges:
- Subway ridership down 32% from pre-pandemic levels.
- Manhattan office vacancy rate increases to 22.8%.
Tourism and Transportation:
- 61.8 million visitors in 2023 (93% of 2019 levels).
- Mixed recovery in Broadway and hotel occupancy rates.
- Resilient performance in airport and commuter rail sectors.
1. Prominent 8-Car Wash Chain Platform Near NJ:
Enter the thriving automotive services market with this exceptional opportunity to acquire a leading car wash chain platform based near New Jersey. This business stands as a premier provider of top-tier car wash services, boasting a robust revenue stream and an impressive portfolio of high-tech facilities. With a solid foundation and extensive expansion potential, this company is poised for substantial growth in the competitive car wash industry.
- Location: Bergen County, New York, US
- Freehold Price: $62,000,000 (Furniture, Fixtures, and Inventory included)
- Lease Asking Price: Over $5M (Furniture, Fixtures, and Inventory included)
- Sales Revenue: $20,000,000
- Cash Flow: $8,000,000
- Furniture/Fixtures Value: $6,500,000 (included in asking price)
- Inventory/Stock Value: $200,000 (included in asking price)
- Real Estate: Available as lease or with real property included
Business Highlights:
- Establishment: This chain of 8 top car washes is renowned for its excellence and high profitability.
- Facilities: Features large, high-tech properties in excellent condition, offering ample space for additional business ventures to boost income.
- Location: Strategically positioned in excellent locations, providing easy access and high visibility.
Business Operation:
- Expansion Potential: Significant opportunities for growth and expansion, capitalizing on the large properties and high-tech facilities.
- Market Position: Positioned in a competitive market with room for additional business ventures to increase revenue.
Reasons for Selling:
- Retirement: The current owner seeks to retire, creating an opportunity for a new owner to take over and scale the business further.
Support & Training:
- Comprehensive support and extensive training will be provided to ensure a seamless transition for the new owner.
Owner Financing:
- Available, with terms to be negotiated. Please contact the seller for more information.
This listing presents a rare opportunity to acquire a thriving, forward-thinking car wash chain with unparalleled growth potential in the dynamic New Jersey market. Serious offers based on industry comps are welcomed, offering the chance to lead the charge in shaping the future of the car wash industry. For further details and inquiries, prospective buyers are encouraged to engage with seller directly.
2. Exceptional Compounding Pharmacy in Nassau County:
Seize the opportunity to acquire a fully licensed and contracted compounding pharmacy located in Nassau County, New York. This pharmacy specializes in dermatology and drug rehab addiction prescriptions, boasting a robust revenue stream and impressive profitability. With consistent numbers and pending wholesaler accreditation, this business is poised for substantial growth and expansion.
- Location: Nassau County, New York
- Asking Price: $6,800,000
- Sales Revenue: $6,000,000
- Cash Flow: $2,600,000 (Seller's Discretionary Earnings)
- EBITDA: Not Disclosed
- Inventory: Not Disclosed
- FF&E: Not Disclosed (included in asking price)
- Real Estate: Leased
Business Highlights:
- Establishment: Founded in 2018, this pharmacy has rapidly become a key player in the compounding sector.
- Licensing and Contracts: Fully licensed and contracted with major providers including Medicaid, Medicare, Caremark, Express Scripts, Humana, and Optum.
- Specialization: Focuses on compounding dermatology and drug rehab addiction prescriptions on the premises.
- Profitability: Generates profits over $2.5 million annually, demonstrating consistent financial performance year over year.
- Operations: Absentee-run location, allowing for potential management flexibility.
Business Operation:
- Expansion Potential: Pending wholesaler accreditation by the NABP will enable the pharmacy to sell medications to other pharmacies, wholesalers, and hospitals, significantly expanding market reach.
- Facilities: Occupies a 1,200 sq. ft. leased space with a monthly rent of $3,900, strategically located for high visibility and accessibility.
Reasons for Selling:
- Retirement: The current owner seeks to retire, presenting a lucrative opportunity for a new owner to take over and expand the business.
Support & Training:
- Comprehensive training and support will be provided, including introductions to referring doctors to ensure a smooth transition for the new owner.
This listing offers a rare opportunity to acquire a highly profitable, forward-thinking compounding pharmacy with significant growth potential in the dynamic Nassau County market. Serious inquiries only; proof of funds and NDA are required prior to the release of any detailed information.
3. Growing Cardiology Practice with Property:
Seize the opportunity to acquire a well-established and expanding cardiology practice in New York. This practice, strategically located across two offices, offers state-of-the-art technology and comprehensive cardiology services. The ownership's investment in a customized EHR system has enhanced administrative efficiencies, allowing for increased patient-physician interaction and overall satisfaction.
- Location: New York
- Asking Price: $8,500,000
- Sales Revenue: $5,500,000
- Cash Flow: $1,760,000 (Seller's Discretionary Earnings)
- EBITDA: Not Disclosed
- Inventory: Not Disclosed
- FF&E: Not Disclosed (included in asking price)
- Real Estate: $1,750,000 (included in asking price)
Business Highlights:
- Establishment: A well-organized cardiology practice with a strong reputation for quality care.
- Locations: Operates from two strategically located offices, one of which is corporate-owned and included in the sale.
- Technology: State-of-the-art equipment and a customized EHR system that enhances administrative efficiency.
- Growth: Year-over-year adjusted EBITDA has increased by nearly 18% over the past two years.
- Revenue Streams: Multiple revenue streams from hospital referrals, professional reciprocity, and potential recruitment of additional physicians.
Business Operation:
- Expansion Potential: Numerous scaling opportunities including recruiting additional physicians and capitalizing on lucrative hospital referrals.
- Facilities: One of the two offices is owned and included in the sale, providing stability and potential for future growth.
Reasons for Selling:
- Owner's Vision: The owner seeks an experienced buyer to take over and continue the practice's growth trajectory.
Support & Training:
- Comprehensive support and training will be provided to ensure a seamless transition for the new owner.
This listing presents a rare opportunity to acquire a thriving cardiology practice with significant growth potential and an included real estate asset. Serious offers based on industry comps are welcomed. For further details and inquiries, prospective buyers are encouraged to engage with the seller promptly.
4. Parks, Roads Infrastructure with 62 million in Backlog:
Explore the chance to acquire a well-established infrastructure business in New York. Specializing in site preparation for parks, roads, and school districts, this company holds a distinguished reputation and a vast array of contracts. With a legacy of over four decades, the business is ready for a new owner to continue its growth and success.
- Location: New York, New York
- Asking Price: $4,950,000
- Sales Revenue: $14,700,000
- Cash Flow: $1,021,954 (Seller's Discretionary Earnings)
- EBITDA: Not Disclosed
- Inventory: Not Disclosed
- FF&E: $4,286,697 (included in asking price)
- Real Estate: Not Disclosed
Business Highlights:
- Establishment: A highly reputable civil infrastructure business with a 43-year history of excellence.
- Client Base: Strong relationships with NYC DOT, Department of Parks & Recreation, School Construction Authority/Board of Education, and Port Authority of NY & NJ.
- Contracts: Over $38M in current contracts, ensuring a secure revenue stream.
- Assets Included:some text
- Heavy Equipment: $2,350,000 (Backhoes, Loaders, Excavators, Dump Trucks)
- Equipment: $811,500 (Skid Steers, Rollers, Hydraulic Hammers, Asphalt Spreaders, Forklifts)
- Vehicles/Trucks/Trailers: $466,000 (Service Trucks, Pickup Trucks, Dump Trucks, Diesel Van & Truck, Trailers)
- Working Capital: $500,000
- Leasehold Improvements: $159,197
- Facilities: Operates from a 12,000 sq. ft. building with 8,000 sq. ft. available for expansion.
- Personnel: 50+ personnel including 20 core team members and 30-50 union laborers.
- Owner Involvement: Current owner works about 25 hours a week, overseeing admin and financials.
- Transition: Seller willing to provide 2-3 years of training.
- Growth Potential: Opportunities for expansion by adding plumbing, precast, fencing, and hardscaping services.
- Market Resilience: Municipal contracts ensure stability during economic downturns, and the US Infrastructure Bill presents significant growth potential.
Business Operation:
- Expansion Potential: Numerous opportunities to scale operations by adding additional services.
- Facilities: Well-equipped building with room for growth.
Reasons for Selling:
- Owner's Vision: The owner is looking to retire and seeks an experienced buyer to continue the business's legacy.
Support & Training:
- Comprehensive Support: Training and support for 2-3 years to ensure a smooth transition.
This infrastructure business is positioned for continued success and growth. Prospective buyers are encouraged to contact the seller for more details and to discuss the potential this business holds for the future.
5. Thriving Car Wash in Affluent Long Island Locale:
Seize the opportunity to own a thriving full-service car wash located in one of Long Island's most affluent communities. This well-established business, under the same ownership for decades, offers a turnkey operation with a full-time manager in place and substantial annual revenue.
- Location: New York
- Asking Price: $7,700,000
- Sales Revenue: $3,200,000
- Cash Flow: $1,100,000
- EBITDA: $1,100,000
- Inventory: Not Disclosed
- FF&E: Not Disclosed (included in asking price)
- Real Estate: $2,900,000 (included in asking price)
Business Highlights:
- Location: Nestled in an exclusive Long Island enclave, this car wash enjoys a prime spot in a high-traffic area, ensuring a steady flow of customers.
- Longevity: With a successful track record spanning over three decades, this car wash has built a reputation for excellence and reliability, making it a beloved fixture in the community.
- Full-Service: Offering a comprehensive range of services, from meticulous exterior cleaning to interior detailing, this car wash caters to the diverse needs of its discerning clientele.
- Full-Time Manager: Benefit from a skilled, on-site manager who oversees day-to-day operations, ensuring smooth and efficient business management.
- Modern Equipment: Equipped with state-of-the-art machinery, the car wash guarantees a high-quality, consistent clean while reducing water consumption and environmental impact.
- Loyal Customer Base: A dedicated and loyal customer base, including high-net-worth individuals and local businesses, ensures a steady stream of income.
- Financial Stability: With an impressive gross revenue of $3.2 million annually and a net of $1.1 million, this business is a sound investment for those looking to expand their portfolio or acquire a thriving enterprise.
- Property Available: The one-plus acre property is available at an additional cost.
- Verifiable Financials: Rest assured that all financial records are transparent and verifiable, providing a clear picture of the business's financial health.
Business Operation:
- Seller Financing: Seller will offer financing for the right buyer.
- Real Estate: Owned property included in the sale, providing stability and potential for future growth.
Reasons for Selling:
- Owner's Vision: The owner seeks an experienced buyer to take over and continue the business's growth trajectory.
Support & Training:
- Comprehensive Support: Training and support will be provided to ensure a smooth transition for the new owner.
Don't miss out on this chance to own a reputable, prosperous car wash in one of Long Island's most prestigious areas. Whether you're an experienced entrepreneur or seeking a new venture in a thriving market, this business is primed for continued success. Act now to be the proud owner of this well-established car wash.
6. Japanese Seafood and Steak Turnkey Hibachi Restaurant:
Seize the opportunity to acquire Ohana, a highly profitable Japanese seafood and steak hibachi restaurant with substantial real estate, located in City Island, Bronx. This turnkey business has been thriving for over two decades, offering significant cash flow and growth potential.
- Location: Bronx, New York
- Asking Price: $2,950,000
- Gross Revenue: $2,600,000
- Cash Flow: $1,200,000 (Seller's Discretionary Earnings)
- EBITDA: Not Disclosed
- Inventory: Not Disclosed (included in asking price)
- FF&E: Not Disclosed (included in asking price)
- Real Estate: $3,000,000 (included in asking price)
Business Highlights:
- Location: Situated in City Island, Bronx, renowned for its scenic views, seafood restaurants, and antique stores, offering potential future developmental rights.
- Established History: Operating for over 20 years with a stable management team and loyal staff.
- Facilities: Includes a substantial 16,625 sq ft property with a 6,796 sq ft structure, featuring large valet parking, 15 Hibachi ventilation and grilling systems, and a fully equipped kitchen.
- Unique Offering: Sole Hibachi Japanese restaurant on City Island, ensuring minimal competition.
- Financial Performance: Generates annual revenues of $2.6 million with a strong cash flow of $1.2 million.
- Real Estate: Owned property appraised at $2.95 million, providing stability and growth potential.
About the Business:
- Year Established: 2003
- Home Based: No
- Franchise: Yes
- Website: OhanaNY.com
- Market Outlook/Competition: Dominates as the only Hibachi Japanese restaurant on City Island.
- Growth & Expansion: Significant opportunities for growth with established presence over 20 years.
Reason for Selling: Retirement
Training/Support: Ownership offers comprehensive training in all restaurant operations, management, and staffing.
Seller Financing: Available up to 90% financing through a lender.
Don't miss this chance to own a thriving restaurant business with valuable real estate in a prime location. Whether you're an experienced restaurateur or an investor seeking stable returns, Ohana presents an exceptional investment opportunity. Act now to capitalize on this lucrative deal!
7. Lucrative Non-Emergency Ambulette Business for Sale:
Thriving Non-Emergency Ambulette Company For Sale Explore the opportunity to acquire a highly profitable non-emergency ambulette company with a solid 12-year track record. This company operates 20 meticulously maintained vehicles and boasts profitability comparable to competitors with fleets twice its size. With low overhead and a reputation for excellence, this business presents significant growth potential.
- Asking Price: $14,500,000
- Sales Revenue: $3,000,000
- Cash Flow: $750,000
Business Highlights:
- Established: Over a decade of successful operation in the non-emergency transportation sector.
- Fleet: 20 like-new vehicles ensure reliable service and operational efficiency.
- Profitability: Achieves profitability on par with larger fleets, highlighting efficient management and low overhead.
- Growth Potential: Ample opportunity for expansion within the market.
- Dedicated Staff: A small yet highly effective team committed to maintaining service excellence.
- Audit: Recently audited with a clean bill of health, reflecting strong operational practices.
- Equipment: Well-maintained vehicles and equipment contribute to the company's reliability and efficiency.
- Employee Continuity: Capable and dedicated staff, comprising 12 full-time and 6 part-time employees, committed to ongoing success.
- Support & Training: Seller offers comprehensive training to ensure a smooth transition of operations.
- Relocatable: Flexibility to relocate operations as needed.
Reasons for Selling: The owner is pursuing other interests.
Don't miss out on this opportunity to acquire a thriving ambulette business with strong financial performance and growth prospects. For more details or to arrange a viewing, please contact the owner directly.
Conclusion
To wrap up, these business opportunities in New York showcase diverse sectors ripe for investment. Each listing represents a chance not just to acquire a business but to secure a foothold in thriving markets with established customer bases. For serious investors looking to capitalize on stable revenues and potential growth, these options offer compelling advantages.
Comprehensive support and training ensure a seamless transition into ownership, fostering ongoing success. Prospective buyers are encouraged to engage directly with sellers to explore these opportunities further and delve into detailed financials and operational specifics.
In summary, these listings provide a gateway to enter or expand within New York's dynamic business landscape. Act decisively to seize these opportunities and embark on a path towards entrepreneurial success in one of the nation's most competitive markets.
>> Learn more about how to achieve your business purchase goals <<
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