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Appliance Retailer For Sale - Ocean County, New Jersey, NJ |
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| PROFILE: Well Established, Cash-Flow Strong Retailer In A Very Attractive Location. |
| Status: |
Available |
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| State: |
New Jersey |
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| Location: |
Ocean County |
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| County: |
Ocean |
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| City: |
None Given |
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| Primary Category: |
Retail Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
120865 |
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| Seller Or Contact: |
Achim Neumann |
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| Primary Phone: |
732 872-6777 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
10/22/08 |
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| Date Ad Last Revised: |
10/22/08 |
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| Asking Price: |
$940,000 |
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| Down Payment: |
$250,000 |
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| Annual Revenue: |
$4,600,000 |
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| Annual Adjusted Net: |
$280,000 |
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| Franchise: |
No |
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| Relocatable: |
Yes |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Yes |
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DESCRIPTION: This Very Successful Appliance Retail Owner Is Ready To Retire After 25+ Years In The Business, And Will Transfer A Dedicated Staff And An Excellent Client Basis To The New Owner. His Operation Has Focused On High End Appliances, As Reflected In The Company’s Margins, And Has Enjoyed A Very Stable Business Over Many Years. The Company Is Highly Competitive Versus Large Box Stores (Due To Its Affiliation With A Buying Group), With Very Little Seasonal Effects. A Sophisticated, Proven Marketing Campaign Is Shown By The Success Of The Company. The Purchase Price Of $940K (Plus $300K For The Inventory) Is Very Reasonable, And Includes $200K In Rolling A/P And Debt (Offset By A/R). The Business Has Seen An Average Annual Sd Cash Flow Of $320,000 Over The Past Three Years (With A 12% Sales Growth In 2006), Which Will Allow A Buyer To Recoup His Initial Cash Down Payment Of $250,000 Within Less Than A Year. The After-Debt / After Acquisition Cash Flow Will Be $210,000 To The New Owner, And Represents An 80%+ Return On Cash Down. The Business Has Been Pre-Approved By SBA Lending Sources. The Business Had A Dedicated Employee Staff For More Than Ten Years, Which Is Thoroughly Familiar With All Aspects Of The Business (Owner Is A Three- Month Absentee Owner” Each Year). ***** All Data Based On Signed Tax Returns *****
Facilities: Located On The Jersey Shore In A Very Attractive Location / Town. If Buyer Is Interested In Real Estate, The Owner Will Consider A Sale At A Very Reasonable Price.
Competition: Company Provides A “Full Service” Approach, By Selling And Servicing Equipment, Which Is In Essence Exceeding What Typical Box Stores Do. Further, The Company Belongs To A Buying Group Enabling It To Purchase Equipment At A Very Competitive Pricing (Very Often The Purchase Costs Are Less Than The Ones Of Box Stores). Thus The Two Box Stores, Home Depot (Brick) And Loews (Brick) Do Not Represent A Competitive Threat.
Growth And Expansion: Excellent, In Particular, If Buyer Purchases The Real Estate And Expandes Show Room
Support/Training: Owner Is Motivated And Will Provide 6 Months N/C Training. |
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