RETAIL SPECIALTY GIFTS & FOODS. RETL456

Price: $250,000

Location: Sussex County, New Jersey

Industry: Retail

Listing ID: retl456

Successful specialty boutique retail shop specializing in gourmet foods and gifts with a gross income of $576,922 and a consistent net yearly income to the owner operator. This most unusual business opportunity is   located in Northern New Jersey in a country setting with many other successful retail businesses. The shop has an unbelievable menu consisting of products that are not in your local food business and difficult to obtain. The company offers hundreds of specialty oils & world-class vinegars, gourmet pastas & sauces, crackers, artisan cheese, spreads & snacks, chocolates, condiments, marinades, rubs & spices, gift baskets, scrumptious delicacies, finest serve-wear and aprons, latest wine accessories, cheese, and charcuterie platters to order and much more. 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

Revenue: $567,900

Cash Flow: $94,000

FFE: $175,000 (Included in Price)

Inventory: $70,000

Reason For Sale:

Owner retiring

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

Operation

Year Established: 2000

Days & Hours of Operation: Days Hours of operation; this retail business is active seven days per week, with hours from 10:00 am to 6:00 pm, shorter hours during weekends.

Employees: Regarding employees and payroll; this retail company consist of six employees representing various part time hours, who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $8,000.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 2600

Type of Location: Active Commercial Businesses

Square Footage: 1750

Relocatable?: Yes

Facilities Information:

This business opportunity is in north central New Jersey, Sussex County on a county road and near to numerous other retails businesses. This business facility consists of approximately 1,750 square feet with an attractive modern appearance. The business is in a commercial retail mall conveniently location for its various customers. The facility has a full basement and exterior area for storage.

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 improving the present marketing system and offering a delivery system. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Financing/Terms:

SBA bank financing is available for this transaction and seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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