Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Communications Company
(Retail )
Monmouth County , NJ
Listed Price: $ 89,000
Listing ID: RETL352

Listing DetailsGross Revenue: $ 425,000
FFE: $ 45,000 (Included in Price)
Reason for Sale:

Owner is relocating.


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: 2010
Days & Hours of Operation: Mon.-Sun. 10am-7pm
Non-owner Payroll: $ 2,080
Employees: 1
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 2000
Monthly Rent: $ 2,000
Square Footage: 1475
Facilities:

The business consists of a retail store front and a one bay auto bay. The business location consists of a long standing twenty-year-old retail facility, approximately 1,475 square feet with an attractive appearance. The business is in a modern mid-size commercial mall with five other successful businesses. This opportunity is in Central New Jersey, County, and the general area consists of various highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Solid business opportunity for this retail communications company that offer sales and installation of auto audio sound systems and phone accessories. This twenty-five-year-old company has a wonderful location in Monmouth County, which can be increased with an onsite owner operator. They are an authorized Boost Mobile Store opened in 1995 and carry a full line of mobile phone and car accessories including Brand names like, Case-mate, Samsung, Incipio, Otterbox, Motorola, Urban Armor Gear, Samsung, Spigen and more! This retail Communications business sells car audio equipment, alarms, remote starts and window tinting, and they carry Memphis, Pioneer, Clarion, JVC and a full line of DEI products as well. They install all equipment by their certified installation team, and they are dedicated to their community and customer service. They occasionally offer 20% off on all accessories and service for Veterans and active duty soldiers. This retail auto related company consist of one full time employee who is unaware of the pending sale. The payroll is primarily based on an hourly basis, $12.00 per hour, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $2,080. The business transaction has an assignable commercial lease which expires 2020, plus additional options available, with a monthly rent of $2,000, cost per square foot is estimated at $15.50 and rent security of approximately $2,000. This successful retail business operation is active six days per week, with hours from 10:00 am to 7:00 pm. The business has been valued / priced at $89,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. 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, we are unaware of any other new competitors expected near to this business.


Potential Growth:

The business can be further expanded by the new operator, by instituting window tenting and other services, also by an improved marketing plan and local advertising, optimizing the web site which can further develop the business yearly gross sales.