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Retail Tennis & Soccer Shop For Sale

Mercer County, New Jersey, United States
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Asking Price$75,000
Revenue$538,254 Established2012
Cash Flow$69,000 Employees5 full-time
FF&E$125,000* FranchiseNo
Inventory$150,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity for this well-known sports associated retail business with a gross income of $538,254 and a consistent net yearly income to the owner operator. The business offers all the Major brands of Sports equipment for the Soccer and Tennis industry. They know what you want, quality tennis & soccer supplies and equipment from trusted manufacturers. They offer fair prices, prompt and courteous customer service. They are consistent with quick turnaround from the placement of the order to the arrival of the product at your door. And if there is a problem, they will resolve it quickly and professionally. They built their company based on the customer's’ needs and they provide quality Soccer & tennis supplies and equipment at competitive prices. They provide top notch customer service, with years of soccer & tennis industry experience. Their goal is to be your “go to” source for all your soccer & tennis supplies and equipment. They believe that if they are successful in meeting their customer product needs and overall expectations, they will accomplish their goal. The soccer portion of the company pays a modest 4% royalty fee for its products, however the wholesale cost of the products has been discounted. The business assets have an estimated value of approximately $125,000 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. This business has one full & four-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,500. The business has an assignable commercial lease which expires 2017-01-01 plus additional options, with a monthly rent of $4,659 and rent security $6,000. The business is located in a commercial mall which consists of 3,100 square feet has a capacity for approximately fifteen customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 8:00 pm, shorter hours on weekends. This business opportunity 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 a consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $538,254 and the business has a yearly net income of $69,000 based on an owner operator and prior to debt service. The business soccer income is subject to a 4% franchise royalty fee and no transfer fee. The business has been valued at $75,000 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. The purchaser will be responsible for inventory of approximately $150,000 wholesale dollar for dollar. 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:The sale consists of a modern fully equipped retail facility 3,100 square feet with an attractive professional appearance. The business is located in a mid-size commercial mall with various other active and successful businesses. This opportunity is located in Northern Central New Jersey, Mercer County, which consists of various highly populated communities with continued demand for this particular sport products.
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, absentee owner, poor web site, relies on social media marketing and if improved can further develop the business bottom line net income.
Training/Support:The seller owner will remain post-closing for 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:Absentee owner due to an alternative business responsibility.
Ad #87694
Seller Reference #RETL256
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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