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Lease with Option Jewelry Biz

13/wk
Bergen County, New Jersey, United States
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Asking PriceUndisclosed
Revenue$301,500 Established2005
Cash Flow$42,000 Employees0 full-time
FF&E$75,000* FranchiseNo
Inventory$150,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
No down payment for this highly successful retail Jewelry business in an affluent community of Northern Bergen County, New Jersey. The company is located on an active avenue with various other retail businesses which attract a substantial number of shoppers. The purchaser should have experience in the jewelry industry. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,333 and rent security $5,000. This retail business which consists of 1,200 square feet has a capacity for approximately twenty-five customers. The business assets have an estimated value of $55,000, and 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 facility has appropriate municipal parking nearby to the business. The business is active six days per week, with hours from 9:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply an appropriate investment return to the owner operator prior to debt service. The 2015 yearly gross income is $301,500 and the business has a yearly net income of $42,000 based on an owner operator and prior to debt service. The business has been valued based on a month to month lease which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely 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 retail facility which consist of 1,440 square feet with a modern professional appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular industry.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, basic web site and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is relocating into the wholesale industry.
Ad #85897
Seller Reference #RETL243
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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