Profitable Absentee retail store

Photo not provided

Seller:Bruce Pettineo

Location:Monmouth County

Listing Num:76928619

Industry:Retail: Non-classifiable

Asking Price:$55,000

Year Est.:2005

Employees:3

Yearly Revenue:$170,000

Yearly Cash Flow:$45,000

Yearly EBITDA:$NA

Yearly Net Profit:Not Disclosed

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

absentee owner can't manage

Overview of the Business:

Started in 2005 this retail store has been # 1 in NJ from day one. It is known for its high quality inventory and the size of if inventory. Owner ran for the first two years and was a full time marketer of the business. Since its been running absentee is has suffered somewhat while still staying profitable. The business draws from lower NY, Staten Island, PA and all of NJ. Owner wants to see it brought back to where it should be and will offer all the marketing help needed. The competition is minimal and the business offers different avenues of making money. This is a fun and exciting business!!

Property Features and Assets:

The store was just moved to a newly renovated space with a great rent. the business shows great. When new customers see it they are breathless by the inventory. the asking price is only one times earnings. inventory seperate.

Market Competition and Expansion:

With the right owner/manager this business will come right back and then some. In our second year of business we neted $150K . Business can be increased in many ways by following the owners successful marketing plan. This busines would be great for partners or with one owner. 2nd location can also be opened in Northern NJ.