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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Retail Soccer Shop
(Retail )
Morris County , NJ
Listed Price: $ 125,000
Listing ID: RETL350

Listing DetailsGross Revenue: $ 521,912
Cash Flow: $ 46,000
FFE: $ 85,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner retirement after thirty years in this industry.


Training & Support:

If required the owner will remain after the closing and supply an appropriate transitional period to the purchaser.


OperationsYear Established: 2002
Days & Hours of Operation: Mon.-Sat. 9am-9pm
Non-owner Payroll: $ 4,700
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3000
Monthly Rent: $ 3,000
Square Footage: 1500
Facilities:

If required the owner will remain after the closing and supply an appropriate transitional period to the purchaser.


SummaryBusiness Description:

This franchise soccer retail company is independently owned and operated throughout the New York metropolitan area. The company opened in 1977 and the owners began franchising in 1990. This business has a 2017 gross income of $521,912 and a net yearly of $46,000. The company provides quality soccer gear and products at affordable prices. They have an extensive inventory with brands like Nike, Under Armor, Adidas, Kwik Goal, Puma and many more. The company has a huge ability to expand with an appropriate marketing program by further relationship with schools and private clubs. They supply local clubs with high quality uniforms from the likes of Adidas, Nike, Under Armor & Puma and offer a variety of options to help create a uniform package that meets their customer’s needs & budget. They can create a logo or use a team or club's logo or a player’s name and number as well as a sponsor which can be placed on a jersey. This company has two full-time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $4,700. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $3,000, cost per square foot is estimated at $24 and rent security of approximately $3,000. The business fixed assets have an estimated value of approximately $85,000 which is based on franchise approval, equipment and licensing replacement cost. The retail business operation is active six days per week, with hours from 9:00 am to 9:00 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is 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:

The business presently has a poor marketing plan, basic web site and if improved can further develop the business yearly gross sales.


Potential Growth:

The business presently has a poor marketing plan, basic web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.