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  3. 1310 111th St, College Point, NY 11356

1310 111th St, College Point, NY 11356

1310 111th St, College Point, NY 11356, USA
$500,000

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

Address

Open on Google Maps
  • Address: 1310 111th St
  • City: New York
  • State/county: New York
  • Zip/Postal Code: 11356
  • Neighborhood: College Point
  • Country: United States

Detail

Updated on November 1, 2021 at 1:37 pm

  • Price: $500,000
  • Property Type: Office
  • Property Status: Business
  • Tax: $1,400/M

What's Nearby?

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Schedule a Tour

Your information

Contact info

View my listings
Jason Shim
Jason Shim
201-917-3830201-290-4321

Enquire about this property

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