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Retail Window Fashion Company

8/wk
Union County, New Jersey, United States
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Asking Price$795,000
Revenue$4,000,000 Established1955
Cash Flow$300,000 Employees20 full-time
FF&E$250,000* FranchiseNo
Inventory$200,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Fifty-year-old highly profitable retail business with a dependable gross yearly income of $4,000,000 and a 2016 projected net income of $300,000. The business consists of three retail facilities, two in Northern New Jersey and a third in Manhattan, New York. This is the largest independent retailer of custom window fashions in the metropolitan area. Owner preparing to retire from this family owned long standing company. They offer free in home decorating services for custom draperies, blinds, shades, shutters and upholstery in Northern & Central New Jersey and Manhattan, NY. The company is very profitable, with a consistent gross margin of 50% and they require 75% deposit from the customer before placing an order and routinely collect the balance prior to installation. The company has a wonderful offering, the competition is either too large such as box stores who does not offer shop at home decorating, or too small with limited products and services. The company has an outstanding reputation and has been awarded as the National Retailer of the year. They are a third generation family business that has been serving customers for the past 81 years. With a seemingly limitless variety of choices, draperies and window treatments they can be casual or completely elegant. They can display your personality, fashion and interior style, yet add privacy and enhancement features. 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 33% investment return, the first year, to the owner operator prior to debt service. Private Retail Company which supplies the largest selection of Window Fashions to the general public, SIC Code: 442291, This purchase opportunity does not require any specific government license to purchase. The businesses consist of three separate retail locations, two in New Jersey, Northern & Central Counties, which are 5,000 and 2,700 square feet and one in Manhattan consisting of approximately 725 square feet. Each facility is located on an active commercial avenue with a huge volume of daily shoppers which attract thousands of customers yearly. The company has twenty full time employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $78,000. The sale includes three separate commercial business leases which are assignable and expires 2018-01-01 Plus additional options, with a monthly rent of approximately $23,178 and rent security $60,000. Each business facility is located at an active retail commercial avenue with private entrances and have the appropriate capacity to service their customers. The assets of this business transaction consists of three fully equipped turnkey retail operations with an estimated value of approximately $250,000 which includes van vehicle, displays, POS & accounting 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. Each of the business locations have appropriate private or municipal parking at or near to the facilities which is part of the commercial lease agreement. The businesses are active based on a six and one half day work schedule with hours from 10:00 am to 6:00 pm and shorter hours Sunday. This business transaction does not require any specific government license to purchase except the required certificate of occupancy from the particular municipality and any other required city licenses to conduct its day today business. The company‚Äôs marketing system is appropriate and consists of newspaper & internet ads with an average budget of $160,000 yearly. The owner who represent a family group will remain post-closing in order to supply an appropriate training & transitional period to the new operator. The present owner has elected to retire after many years in this retail service industry. The customer base represents the general public and none of the base customers represents more than 1% of the business income. The business presently has an acceptable marketing plan, which can be further expanded with additional private home mailers which would further develop the business income performance. There are limited competitors in the industry due to the cost of a new operation which will require substantial capital investment. Also to the best of our knowledge, no other new competitors are expected near to the business locations and the owner has agreed to supply a long term, non-compete agreement to the purchaser.  The business has been valued at $795,000 based on the net yearly income and includes the value of the specific business assets and bank and seller financing can be considered to a qualified buyer with the appropriate down payment, collateral and credit rating. Inventory is approximately $225,000. 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:The businesses consist of three separate retail locations, two in New Jersey, Northern & Central Counties, which are 5,000 and 2,700 square feet and one in Manhattan consisting of approximately 725 square feet. Each facility is located on an active commercial avenue with a huge volume of daily shoppers which attract thousands of customers yearly.
Competition:There are limited competitors in the industry due to the cost of a new operation which will require substantial capital investment. Also to the best of our knowledge, no other new competitors are expected near to the business locations and the owner has agreed to supply a long term, non-compete agreement to the purchaser.
Growth Potential:The business presently has an acceptable marketing plan, which can be further expanded with additional private home mailers which would further develop the business income performance.
Training/Support:The owner who represent a family group will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Seller Financing:Seller financing available to qualified buyers.
Sale Reason:Retire after many years in this retail service industry.
Ad #88119
Seller Reference #RETL258
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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