Price: $69,900
Location: Monmouth County, New Jersey
Industry: Retail
Listing ID: retl459
Opportunity to own 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, Casemate, Samsung, Incipio, Outerbox, 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.
Listing Details
Revenue: $160,000
Cash Flow: $45,000
FFE: $45,000 (Included in Price)
Inventory: $11,999
Reason For Sale:
The purpose of this business transaction is due to the owner relocating out of the state of New Jersey.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 1005
Owner Hours Per Week: This retail business operation is active six days per week, with hours from 10:00 am to 7:00 pm.
Employees: This retail auto related company consist of one full, one part 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.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 2,850
Type of Location: Commercial active highway
Square Footage: 1,475
Relocatable?: Yes
Facilities Information:
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, Monmouth County, and the general area consists of various highly populated communities with continued demand for this industry.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard required municipal licenses.
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.