Price: $195,000
Location: Somerset County, New Jersey
Industry: Retail
Listing ID: INT100
Profitable Internet company with a gross income of $593,803 and a consistent net yearly income to the owner operator. They specialize in home theater seating, home theater design and installation. Their services offer cinema seating and furniture, includes full service, design, building and installation. The company supplies all aspects for home theater and media rooms. They use the highest quality audio, video, and home theater system components available on the market. The income is developed from consumers and AV wholesale Dealers. The company uses the latest computer 3D rendering software to develop all specs and drawings which supplies the images prior to installation. Using available technology their theaters can be designed to fit almost any budget, the company work with the home owner, architects and interior designers to consider all aspects of the house décor and design. Custom acoustic treatments, distinguished interior elements, theatrical drapes and cinema seating are all part of the dream home theater. They supply complete customer satisfaction. Home cinema, also called home theaters or theater rooms, are home entertainment audio-visual systems that seek to reproduce a movie theater experience and mood using consumer electronics-grade video and audio equipment that is set up in a room or backyard of a private home. Some studies show films are rated better and generate more intense emotions when watched in a movie theater, however, convenience is a major appeal for home cinemas. This is a dependable safe business opportunity with continued expansion and based on the price, owner financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $593,803
Cash Flow: $100,000
FFE: $70,000 (Included in Price)
Inventory: $450,000
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 will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2003
Days & Hours of Operation: Days Hours of operation; this business is active five days per week, closed Sunday & Monday, with hours from 9:00 am to 5:00 pm.
Owner Hours Per Week: full time
Employees: Regarding employees and payroll; this nonretail company consist of independent employees consisting of installers and carpenter. The internal staff consist of one full time payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $1,100.
Location
Security on Lease: Two months
Lease Option: Yes additional options.
Monthly Rent: 9260
Type of Location: Active commercial Mall
Square Footage: 15,000
Relocatable?: Yes
Facilities Information:
This business opportunity is located in central New Jersey, Summerset County convenient to its many customers. This business facility consisting of a 12,000 square feet modern showroom.
Summary
Historical Summary:
This is a long standing NJ based company which can be operated at any location.
Owner Qualifications:
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 company can be further developed by increasing the days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, seller financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
