Wonderful business opportunity for this Successful specialty boutique retail shop specializing in gourmet foods and gifts with a gross income of $576,922 and a consistent net yearly income to the owner operator. This most unusual business opportunity is located in Northern New Jersey in a country setting with many other successful retail businesses. The shop has an unbelievable menu consisting of products that are not in your local food business and difficult to obtain. The company offers hundreds of specialty oils & world-class vinegars, gourmet pastas & sauces, crackers, artisan cheese, spreads & snacks, chocolates, condiments, marinades, rubs & spices, gift baskets, scrumptious delicacies, finest serve-wear and aprons, latest wine accessories, cheese, and charcuterie platters to order and much more. 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.
- Asking Price:
- $250,000 (USD) Furniture / Fixtures included
- Sales Revenue:
- $576,900 (USD)
- Cash Flow:
- $94,000 (USD)
- Real Estate:
- Lease Terms:
Lease and terms; the business transaction will offer an assignable commercial lease which expires 2025-01-01, plus additional options available, with a monthly rent of $2,600, cost per square foot is approximately $15.00 and rent security is required.
- Leasehold Rent:
$31,200 (USD) per annum
- Lease Rent:
- $18 (USD) per sq ft per annum
This business opportunity is in north central New Jersey, Sussex County on a county road and near to numerous other retails businesses.
- Premises Details:
This business facility consists of approximately 1,750 square feet with an attractive modern appearance. The business is in a commercial retail mall conveniently location for its various customers. The facility has a full basement and exterior area for storage.
- Size in square feet:
- Expansion Potential:
Regarding growth and expansion, the retail company can be further developed by improving the present marketing system and offering a delivery system. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
Regarding competition, to the best of our knowledge, 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.
- Reasons for selling:
The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.
- Trading hours:
Days Hours of operation; this retail business is active seven days per week, with hours from 10:00 am to 6:00 pm, shorter hours during weekends.
- Regarding employees and payroll; this retail company consist of six employees representing various part time hours, who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $8,000.
- Years established:
- Support & training:
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
SBA bank financing is available for this transaction and seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $175,000 (USD) - included in the asking price
- Inventory / Stock value:
- $75,000 (USD)