Description
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
Details
Updated on February 25, 2024 at 2:13 pm- Price: $500,000
- Property Type: Office
- Property Status: Business
- Tax: $1,400/M
Address
Open on Google Maps- Address 1310 111th St
- City College Point
- Zip/Postal Code 11356
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