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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Kitchen & Bath Cabinet Company
(Retail )
Morris County , NJ
Listed Price: $ 150,000
Listing ID: RETL346

Listing DetailsGross Revenue: $ 769,208
Cash Flow: $ 156,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

The owner is retiring after many successful years in this retail industry.


Training & Support:

The owner will remain post-closing for an appropriate time to supply an appropriate transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.


OperationsYear Established: 1985
Days & Hours of Operation: Mon.-Sat. 9am-7pm
Non-owner Payroll: $ 7,000
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,483
Square Footage: 2500
Facilities:

The company has a 2,500-square foot showroom which features numerous kitchen cabinet displays and dozens of bathrooms vanity displays. This long-standing business opportunity is in Northern New Jersey, Morris County. The general area and municipalities consist of various affluent communities with continued demand for this product. The company is on a very active state highway, is in a mid-size mall with various other active and successful businesses.


SummaryBusiness Description:

Thirty-three-year-old highly successful Kitchen & Bath company now available due to the owner’s retirement. This is a family-owned and operated retail kitchen and bathroom cabinet company with a yearly gross income of $769,208 and a net income of $156,000. The new operator does not require extensive experience in building or carpentry. With the computerized software now available, the showroom process is made simple. The company represents a basic sales operation, who specializes in kitchen and bathroom replacement. All the remolding is completed by third party contractors. Their products range from high-end to midlevel with a full menu of products offering the latest trends in traditional and contemporary styles for a new kitchen or bathroom. They diligently work to carry out their service and minimize the inconveniences of remodeling the kitchen or bathroom. They provide their clients with an outstanding experience from start to finish and service is their primary focus. They have cutting edge computer-aided Kitchen designs that is used to show elevations, perspectives and virtual tours of the new Kitchen along with traditional hand drafting. They will assist in selecting the perfect combination of custom cabinetry, appliances, countertops, tiles and flooring for a new kitchen or bathroom. This business has three employees who function as salespeople, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $7,000. All of the installation is completed by third party companies. The business has an assignable commercial lease which expires 01/01/2023 plus additional options, cost per square feet is $11.92, with a monthly rent of $2,483 and rent security $5,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost. The business is active six days per week, with hours from 9:00 am to 7:00 pm. 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 absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge and due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a standard marketing plan, basic web site which is not appropriately optimized and if improved can further develop the business income.


Financing/Terms:

Can be considered to a qualified buyer.