Price: $220,000
Location: Bergen, New Jersey
Industry: Retail
Listing ID: RETL482
Bergen County New Jersey sign company with a wonderful long-standing reputation, with quality service for commercial and residential customers. The company has a consistent yearly gross income and a dependable net yearly income to the owner operator. This company takes the time to create high quality signs and branding, from on-site consultation to design, permit processing, manufacturing, and installation – every project is treated as a priority. Their signs are compliant with the municipal ordinance and designed to aesthetically compliment the building and surrounding community. It is their business to provide a sign and branding that will demand attention and attract new and existing customers. Their objective is to always deliver the best product and service, delivering Customer Satisfaction. We are confident this is a dependable business opportunity with future projected growth and a consistent return on investment to the owner operator. The business fixed assets have an estimated value of approximately $55,000 which is based on the replacement cost of the original buildout, representing equipment, licensing, tangible & nontangible value. This transaction consists of a commercial retail operation, which includes, required municipal licenses, web site, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
Listing Details
Revenue: $328,854
Cash Flow: $93,265
FFE: $55,000 (Included in Price)
Inventory: $5,000
Lender Pre-Qualified?: Yes
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner relocating retirement out of the state of New Jersey.
Training & Support:
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner.
Operation
Year Established: 2000
Days & Hours of Operation: Days Hours of operation, this retail sign company is active six days per week, closed Sunday with hours from 9:00 am to 6:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this sign company consists of one employee who is not aware of the pending sale. The payroll is based on an hourly basis and is expected to remain post-closing.
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 2,700
Type of Location: Commercial
Square Footage: 1250
Relocatable?: Yes
Facilities Information:
The business is in a commercial retail facility which consists of 1,225 square feet with a modern professional appearance. The business is in a mid-size commercial mall with various other active businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of many retail companies and highly populated communities with continued demand for this industry.
Summary
Historical Summary:
For Qualifications purposes, this business opportunity does not require government licensing approval to purchase or operate other than the standard required municipal licenses.
Owner Qualifications:
For Qualifications purposes, this business opportunity does not require government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, due to various circumstances, 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 business opportunity can be expanded by improving the advertising and marketing. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, seller and bank financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
