Price: $150,000
Location: Middlesex , New Jersey
Industry: Retail
Listing ID: RETL480
Wonderful business opportunity for this retail gold and precious metal company available in Middlesex County New Jersey. This is a fully insured and licensed company and will offer owner financing to a qualified buyer. The industry routinely has a fifty percent (50%) mark up to the company resulting in a wonderful return to the operator. The owner is presently absentee, is a professional in an alternative industry, out of the county and prepared to train a new owner. They have been in the industry for twenty years with a wonderful reputation. They offer competitive prices, and welcome all of their clients with respect and professionalism while providing an educational and informative experience for those not familiar with the process. With over twenty years of experience, they offer safe, professional gold, coins, and precious metal buying and selling experience. 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.
Listing Details
Form of Ownership:
C Corp
Operation
Year Established: 2000
Year of Last Acquisition: 2023
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Sunday with hours from 10:00 am to 5:00 pm.
Owner Hours Per Week: Absentee
Non-Owner Payroll: $2,400
Employees: Regarding employees and payroll, this retail company presently consists of one employee who is unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $2,400.
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 2400
Type of Location: Commercial
Square Footage: 1,000
Facilities Information:
This business opportunity is in north central New Jersey, Middlesex County on a highly active state highway. This business facility consists of approximately 1,000 square feet with a professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
Summary
Historical Summary:
This company is a seasoned full-service retail gold company.
Owner Qualifications:
For Qualifications purposes; this business opportunity requires 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 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.
Financing/Terms:
Also, seller financing is available for this transaction with $70,000 down payment to a qualified buyer.