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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Trophy Company Nets $140k
(Retail )
Essex County , NJ
Listed Price: $ 350,000
Listing ID: RETL344

Listing DetailsGross Revenue: $ 631,392
Cash Flow: $ 142,825
FFE: $ 125,000 (Included in Price)
Inventory: $ 50,000
Reason for Sale:

The 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.-Sat. 9am-6pm/3pm
Non-owner Payroll: $ 9,150
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3000
Monthly Rent: $ 3,500
Square Footage: 3000
Facilities:

This successful retail facility which consist of approximately 3,000 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Thirty-year-old retail company with a gross income of $631,392 and a net yearly income of $142,825 based on an onsite owner operator. The company has relationships with sports clubs, schools, retail and non-retail company’s which offers plaques, trophies, medals, ribbons, acrylic awards, clocks, pens, name plates, banners, t-shirts, bowling balls, etc. A substantial amount of their business income represents resale order to long standing customers with continued future relationships. The company also has an online Trophy & Awards menu available to its customers. This is a Northern New Jersey premier source for high-quality, affordable trophies, plaques, medals, corporate awards, promotional products, name tags, signs, and more since 1976. Whether you need a single trophy to commemorate an outstanding team member or hundreds of keychains to promote your business. This company will help, and their locally-owned business has provided their services to thousands of customers across the New Jersey metropolitan area. Their awards, gifts, and promotional items are all made from high-quality materials, and customized in house with engraving and sublimation capabilities. To meet the diverse needs of coaches, high schools, youth organizations, sports teams, academic leagues, tournaments, marathons, nonprofit organizations, and businesses, they maintain and have access to a huge inventory of awards and promotional products (both foreign and USA made). Regarding employees and payroll, this retail Trophy company consist of four 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 $9,150.The business transaction has an assignable commercial lease which expires 01/01/2029, plus additional options available, with a monthly rent of $3,500, cost per square foot is estimated at $12.00 and rent security of approximately $5,000. Additionally, the owner has the real estate available to purchase at fair market value.The business fixed assets has an estimated value of approximately $ 125,000 which is based on the original equipment and licensing buildout & replacement cost. This successful business operation is active 6 days per week, with hours from 9:00 am to 6:00 pm Monday-Friday, 9am-3pm on Saturdays. The business has been valued / priced at $350,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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. The property is also available to purchase and based on a 25-year payout at 8% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service.


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 with an improved website, and marketing plan, which would further develop the business yearly gross sales.


Financing/Terms:

Seller financing is available to a qualified buyer