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Trophy Company Nets $140K
(Retail)
Essex County, NJ
Listed Price: $ 350,000
Listing ID: RETL355

Listing DetailsGross Revenue: $ 631,392
Cash Flow: $ 140,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 50,000
Reason for Sale:

owner has elected to retire.


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: 1957
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Monthly Rent: $ 3,500
Square Footage: 3000
Type of Location: Stand Alone
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, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Long established retail trophy 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 companies. They offer 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 relationships. The company also has an online Trophy & Awards menu available to its customers. 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 business consist of 1 full time employee and 6 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 $9,500. 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. 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 company routinely has approximately $50,000 of marketable inventory and the seller will discussion this time with purchaser at time of closing, based on wholesale value. 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, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Financing is available to qualified buyers.