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Gift Shop For Sale Nets $298k

Hudson County, New Jersey, United States
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Asking Price$225,000
Revenue$1,481,609 Established2006
Cash Flow$298,301 Employees4 full-time
FF&E$175,000* FranchiseNo
Inventory$95,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful nine-year-old business opportunity to own this high-volume gift store and specialty shop located a major commercial mall in Northern New Jersey. The business has a gross income of $1,481,609 and a net yearly income of $298,000 to the owner operator. Due to its wonderful location the shop services many tourist and vacationers. The company has a wonderful relationship with bus tour company’s which substantially increases their gross income. This profitable gift shop proudly serves the general area as a family owned and operated business. They are committed to offering only the finest gifts, backed by service that is friendly and prompt. All their customers are important, their professional staff is dedicated to making their customers experience a pleasant one. That is why they always go the extra mile to make your gift perfect. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate. This company has four full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,500. The business has an assignable commercial lease which expires 01/01/2020, plus additional options, with a monthly rent of $7,654, all in, cost per square foot is estimated at $28.70 and rent security of approximately $12,266. This retail business is located in a commercial mall, on an active county road, consists of approximately 3,200 square feet and has an estimated capacity for seventy customers. The business fixed assets has an estimated value of approximately $175,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, web site, social media venues, 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 private mall parking on site as part of the commercial lease. This long-standing retail gift shop business operation is active seven days per week, with hours from 12:00 noon to 9:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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:Well known and successful retail facility which consist of approximately 3,200 square feet have a modern professional appearance. This profitable business opportunity is in Northern New Jersey, the city of North Bergen, Hudson County, which consists of numerous highly populated communities with continued demand for this product. The business is in a large commercial mall with various other active and successful businesses.
Competition:To the best of our knowledge, due to various circumstances, 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 limited marketing plan, poor web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Seller financing is available to a qualifIed buyer
Sale Reason:The sale is due to the owner alternative business out of the immediate area.
Ad #99258
Seller Reference #RETL311
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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