Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Paint & Hardware Franchise
(Retail)
Somerset County , NJ
Listed Price: $ 75,000
Listing ID: RETL359

Listing DetailsGross Revenue: $ 445,851
Cash Flow: $ 55,000
FFE: $ 110,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The owner is relocating out of the area into an alternative industry.


Training & Support:

The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2008
Non-owner Payroll: $ 750
Employees: 1
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 4,879
Square Footage: 1600
Facilities:

The retail facility which consist of 1,600 square feet has a modern and attractive appearance. The business is in a mid-size convenient mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Somerset County, which consists of various affluent communities with continued demand for this particular industry.


SummaryBusiness Description:

Nationally known paint and hardware retail franchise business located in an affluent area of Northern New Jersey. This highly successful franchise offers an exclusive line of paints in addition to various hardware products to the general public. They offer an extensive line of exterior wood stains, all formulated to protect and beautify your wood or composite deck, as well as fences, siding and outdoor furniture. Their stains are available in five opacities, from transparent to solid, and an unlimited number of colors. You can browse their video library for information on staining, deck care and choosing the right deck stain for your home, and then view their extensive color resources to find the best hue for your wood staining projects. Only independent retailers of this franchise carry their paints, stains, and applicators - not the big-box stores. Seventy percent of the sales represent paint products which represents a substantial mark up to the owner operator. This particular business has one-part time employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $750. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $4,879 and rent security $8,000. The business is active six days per week, with hours from 9:00 am to 7:00 pm. The business has been valued at $75,000 based on a multiple of the net yearly income, purchaser will be responsible for inventory of approximately $75,000 and the value of the specific business assets. Also, no franchise transfer fee is required. 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 highly dependable investment return to the owner operator prior to debt service. 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 due to the franchise, 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 limited marketing plan for the general area and if improved can further develop the business bottom line net income.