Price: $325,000
Location: Essex County, New Jersey
Industry: Retail
Listing ID: retl466
Owner retiring for this long-established retail trophy company with a previous gross income of $634,675 and a net yearly income of $127,3228 based on an onsite owner operator. The company has relationships with sports clubs, schools, retail, and non-retail companies. They offer plaques, trophies, medals, ribbons, acrylic awards, clocks, pens, name plates, banners, t-shirts, bowling balls, etc. A substantial amount of their business income represents resale order to long standing customers with continued relationships. The company also has an online Trophy & Awards menu available to its customers. Their locally owned business has provided their services to thousands of customers across the New Jersey metropolitan area. Their awards, gifts, and promotional items are all made from high-quality materials, and customized in house with engraving and sublimation capabilities. To meet the diverse needs of coaches, high schools, youth organizations, sports teams, academic leagues, tournaments, marathons, nonprofit organizations, and businesses, they maintain and have access to a huge inventory of awards and promotional products (both foreign and USA made). This is a dependable safe business opportunity.
Listing Details
Revenue: $634,675
Cash Flow: $127,322
FFE: $95,000 (Included in Price)
Inventory: $10,000
Reason For Sale:
Owner retiring.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 1985
Days & Hours of Operation: This successful business operation is active 6 days per week, with hours from 9:00 am to 6:00 pm Monday-Friday, 9am-3pm on Saturdays.
Owner Hours Per Week: Six day work week.
Employees: Five
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 2,250
Type of Location: Commercial Avenue
Square Footage: 2,000
Relocatable?: Yes
Facilities Information:
This successful retail facility which consist of approximately 2,500 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate, other than the standard required municipal licenses.
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:
The business can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
Financing/Terms:
To be determined.