BOUTIQUE SPECIALTY FOODS. RETL447

Price: $295,000

Location: Sussex County, New Jersey

Industry: Food Market

Listing ID: RETL447

Successful specialty boutique retail shop specializing in gourmet foods and gifts with a gross income of $576,922 and a consistent net yearly income to the owner operator. This most unusual business opportunity is   located in Northern New Jersey in a country setting with many other successful retail businesses. The shop has  an unbelievable menu consisting of products that are not in your local food business and difficult to obtain. The company offers hundreds of specialty oils & world-class vinegars, gourmet pastas & sauces, crackers, artisan cheese, spreads & snacks, chocolates, condiments, marinades, rubs & spices, gift baskets, scrumptious delicacies, finest serve-wear and aprons, latest wine accessories, cheese, and charcuterie platters to order and much more. 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. For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.

The 2021 yearly gross income as represented by the owner is estimated at $576,922 and the business has a yearly net income of approximately $94,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2022 income is expected to be improved from the previous year and a formal due diligence is recommended buy broker.

Listing Details

Revenue: $576,922

Cash Flow: $94,000

FFE: $175,000 (Included in Price)

Inventory: $75,000

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 2,600

Type of Location: Commercial Avenue

Square Footage: 1,750

Relocatable?: Yes

Facilities Information:

This business opportunity is in north central New Jersey, Sussex County on a county road and near to numerous other retails businesses. This business facility consists of approximately 1,750 square feet with an attractive modern appearance. The business is in a commercial retail mall conveniently location for its various customers. The facility has a full basement and exterior area for storage.

Summary

Historical Summary:

For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion, the retail company can be further developed by improving the present marketing system and offering a delivery system. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

 

Financing/Terms:

Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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