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Uniform Retail Company For Sale

13/wk
Ocean County, New Jersey, United States
Photos Website Map
Asking Price$195,000
Revenue$211,997 Established2003
Cash Flow$58,662 Employees3 full-time
FF&E$45,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Popular retail business operation which offers to the public, various products including uniforms, medical wear, varsity jackets, school uniforms for various industries, tee shirts, formal ware, tuxedos and much more. The company also offers silk screening services including specialize shoe products. Their business is equipped with silk screen and embroidery machines, enabling our staff to customize product year-round. Their Online Ordering provides easy online ordering 24 hours a day 7 day a week, tailored specifically to your specifications. Their customers are able to create a personal account to save their profiles, size preferences, and to view previous orders. They have had many years of experience learning how to get the job done with offering uniforms and service to their many customers. The company is a locally owned Uniform and Lifestyle Store specializes in all types of uniform Apparel, and their knowledgeable and friendly staff are on-site year-round to support the community, whether a student is shopping for a whole new uniform, or just needs to do a quick exchange. Their products fit every one of our customers at any size, and they are confident in their quality that they guarantee them. For qualifications purposes, this industry does not require government licensing approval to purchase or operate. This company has three-part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $850. This business opportunity has an assignable commercial lease which expires 2021-01-01, plus options, with a monthly rent of $1,346, cost per square foot is estimated at $13.46, and rent security of approximately $2,600.c The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,200 square feet and has an estimated capacity for fifteen customers. The business fixed assets as a retail operation has an estimated value of approximately $45,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store offering specialized products, which includes, required licenses, web site, social media venues, displays, shelving, POS system, 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 successful retail business operation is active seven days per week, with hours from 10:00 am to 6:00 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. The 2017 yearly gross income is $211,997 and the business has a yearly net income of approximately $58,662.78 based on an onsite owner operator and prior to any debt service. The business has been valued / priced at $195,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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:This well-known retail facility which consist of approximately 1,200 square feet has an attractive appearance to the public. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Central New Jersey, Monmouth County, which consists of various highly populated communities with continued demand for the various products offered.
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, no local advertising, 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.
Seller Financing:May be available to a qualified buyer.
Sale Reason:The sale is due to the owners retirement after many years.
Ad #99795
Seller Reference #RETL316
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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