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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Fence Company
(Retail )
Bergen County , NJ
Listed Price: $ 165,000
Listing ID: RETL341

Listing DetailsGross Revenue: $ 476,312
Cash Flow: $ 51,500
FFE: $ 75,000 (Included in Price)
Inventory: $ 45,000
Reason for Sale:

Owner is retiring after many successful years.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 1976
Days & Hours of Operation: Mon.-Fri. 8am-5pm
Non-owner Payroll: $ 2,500
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6000
Monthly Rent: $ 4,850
Square Footage: 5000
Facilities:

This modern and attractive retail facility which consist of approximately 5,000 square feet has a professional appearance and located on a state highway with thousands of daily drive by vehicles. The business consists of a free-standing structure an US State 46, with various other active and successful businesses.


SummaryBusiness Description:

Owner retiring after many successful years with this highly successful fence sales company. The business is in Bergen County, Northern New Jersey, which is a highly populated affluent area. The company produces approximately $450,000 retail and $50,000 wholesale fence sales. Fifty years of solid brand and reputation in the commercial and municipal industries. The company has a very visible location on a major state high traffic highway, and centrally located with a high density of customers. Regarding employees and payroll, this fence sales and service company routinely has two full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $2,500. The business transaction has an assignable commercial lease which expires 2020-01-01, plus additional options available, with a monthly rent of $4,850, cost per square foot is estimated at $11.64 and rent security of approximately $6,000. The business fixed assets has an estimated value of approximately $75,000 which is specifically based on the original equipment and licensing replacement cost. This successful fence company business operation is active five & ½ days per week, with hours from 8:00 am to 5:00 pm. The business has been valued / priced at $165,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Inventory approximately $45,000. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business can be further expanded by the new operator, presently has a limited marketing plan, poor local advertising and web site, no sales professional and if improved can further develop the business yearly gross sales. Additional opportunities to increase company by using employed installers, versus fully contracted outside teams.


Financing/Terms:

Can be available to a qualified buyer.