RETAIL BUSINESS NETS $325k. retl455

Price: $495,000

Location: Union County, New Jersey

Industry: Retail

Listing ID: retl455

Wonderful business opportunity to own this highly profitable retail shop in a Major New Jersey Mall with thousands of popular products. The company has a gross yearly income of $1,779,715 and a consistent net yearly income of $300,000 plus, discretionary income to the owner operator. The company has excellent values every day, along with latest items arriving every week and they strive to keep their shelves stocked with amazing deals on household items, cleaning supplies, vases, and floral supplies, and more. Their clients are guaranteed with affordable beauty products, toys and crafts, school supplies, and everything in between including brand-name food, snacks, candy, and drinks a wide selection of party supplies, balloons, gift bags, and seasonal decorations for every holiday and occasion! This represents a safe business opportunity with a wonderful return on investment.

Listing Details

Revenue: $1,779,715

Cash Flow: $324,998

FFE: $175,000 (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.

Location

Monthly Rent: 28,000

Type of Location: Active commercial Mall

Square Footage: 10,500

Relocatable?: Yes

Facilities Information:

This business opportunity is in north New Jersey, Union County on a highly active state highway and in a huge commercial mall. The mall consists of dozens of national retail companies with thousands a weekly customer. This business facility consists of 10,500 square feet with an attractive modern appearance with a private entrance.

Summary

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 retail company can be further developed by increasing the hours of operation, improving the marketing and local advertising, and introducing wholesale income. Additionally, the company has a limited non-optimized web site and if upgraded can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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