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Franchise Soccer Sports Shop For Sale

88/wk
Morris County, New Jersey, United States
Photos Website Map
Asking Price$125,000
Revenue$543,000 Established2002
Cash Flow$54,000 Employees2 full-time
FF&E$85,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Soccer retail franchise company is independently owned and operated throughout the New York metropolitan area. The company opened in 1977 and the owners began franchising in 1990. This business has a 2017 PROJECTED gross income of $543,000 and a net yearly of $54,000. The company provides quality soccer gear and products at affordable prices. They have an extensive inventory with brands like Nike, Under Armor, Adidas, Kwik Goal, Puma and many more. The company has a huge ability to expand with an appropriate marketing program by further relationship with schools and private clubs. They supply local clubs with high quality uniforms from the likes of Adidas, Nike, Under Armor & Puma and offer a variety of options to help create a uniform package that meets their customer’s needs & budget. They can create a logo or use a team or club's logo or a player’s name and number as well as a sponsor which can be placed on a jersey. Franchise approval is required however this industry does not require government licensing approval to purchase or operate. This company has two full-time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $4,700. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $3,000, cost per square foot is estimated at $24 and rent security of approximately $3,000. The business opportunity is on an active commercial avenue, consists of approximately 1,500 square feet and has an estimated capacity for 25 customers. The sale consists of a fully equipped commercial retail store, which includes 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. The business fixed assets have an estimated value of approximately $85,000 which is based on franchise approval, equipment and licensing replacement cost. The facility has appropriate municipal parking near to the business location. The retail business operation is active six days per week, with hours from 9:00 am to 9:00 pm. The transaction includes all required documentation including a certificate of occupancy from the municipality, franchise approval and the required state or city licenses to conduct its day to day business. The business has been valued at $125,000 plus inventory, based on a multiple of the net yearly income including the value of the specific business assets. The seller will offer financing to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This highly popular retail shop is on an active commercial avenue in Northern New Jersey, which consists of various affluent and highly populated communities with continued demand for this industry. This successful retail facility consists of 1,500 square feet and has a modern appearance.
Competition:Limited competitors presently exist in the general area and 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.
Growth Potential:The business presently has a poor marketing plan, basic web site and if improved can further develop the business yearly gross sales.
Training/Support:If required the owner will remain after the closing and supply an appropriate transitional period to the purchaser.
Seller Financing:Can be considered.
Sale Reason:The sale is due to the owner retirement after thirty years in this industry.
Ad #101585
Seller Reference #RETL318
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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