Financing: $750,000.00 Down and $250,000 at 6% over 36 Months
Reason for Selling:Seller would like to retire.
Located in Middlesex County, a well established 35 year old market research firm that is pre-eminent in its field has come on the market. The company has a monopoly on virtually all market research done for NYC Transit, MTA, New York Port Authority and New Jersey Transit. Its clients include the three NY Metro international airports as well.
It is the company and transportation specialists for bus, train and plane companies and airports that serve metropolitan New York. This business combines the reputation and depth of experience of a seasoned, trained, dedicated and meticulous staff with the accreditation, certification and badge admission to secure airport facilities that its competitors have not been able to achieve.
Research services for the transportation industry encompass the evaluation of strap hangar attitudes toward fare changes, new routes, changed schedules, impact of construction on schedules, fitness of prospective hires and so forth.
The company also serves numerous private sector businesses for which its seasoned staff conducts focus groups, mock juries, product testing, pharmaceutical studies and many other areas.
The business is growing, FY2016 exceeded FY2015 and FY2017 promises to increase further as the company has been awarded a five year research study in one area and a two contract in another. Its growth potential is incalculable. It is currently turning back business and declining to bid on a variety of contracts in its wheelhouse. And, certainly, its reputation, experience and skills are well-suited to the transportation industry in Boston, Philadelphia and other major metropolitan markets.
The company occupies about 300 square feet of office space which can be easily relocated. The owner occupies one office she bids on the jobs; the manager occupies one office- she schedules the work and staff for each job, budgets, pays bills, etc. And, the business is served by a staff of 35 to 40 part-time, experienced interviewers who are paid on a job-by-job basis and who work out of their home.
Its owner is ready to retire after her 25 years in the business. New ownership must be women or minority owned to qualify for the government transportation related work.
The strength of this business lies in its reputation, experience and certification to meet each job requirement.
These are unique and, at the same time, expandable to other markets.
For the New York market, the connection that each member of the staff has with each government contracting agent should certainly not be overlooked;
nor should the understanding and skills of the manager who is the glue that holds all together.
Ironically, the current owner (who works part-time) may now be the least necessary aspect to the future of this business.
She would like to put it in the hands of a younger person who has the same vision she had when she started years ago.
For further information please call 1-877-735-5224.
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