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Combo Dollar & C-Store For Sale

Essex County, New Jersey, United States
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Asking Price$49,900
Revenue$420,000 Established1995
Cash Flow$42,055 Employees2 full-time
FF&E$55,000* FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Combination Dollar Store & C-Store located in Essex County, New Jersey. The business has a yearly gross income of $420,000 and a consistent net yearly income to the owner operator. The sale is due to an ongoing litigation between partners and none have the capacity to buy each other out. The business is near a major bus depot with substantial walk in 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. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,533. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $4,800 and rent security $4,800. The business is located on an active commercial avenue and the facility consists of 3,800 square feet has a capacity for approximately sixty-five customers. The facility has appropriate municipal parking close to the business. The business is active seven days per week, with hours from 7:00 am to 11:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state Lotto 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 expect to supply a 29% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $420,000 and the business has a yearly net income of $42,055 based on an owner operator and prior to debt service. The business has been valued at $49,900 based on a multiple of the net yearly income and 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 may not represent this particular business.
Facilities:This retail facility which consist of 3,800 square feet with a professional appearance is located on an active commercial avenue adjacent to an active bus terminal. The general area has various successful businesses which attract lots of walk in customers. This opportunity is located in Northern New Jersey, Essex County, which consists of various highly populated 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, poor 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. Also if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:Partnership litigation.
Ad #86452
Seller Reference #RETL249
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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