This store is best suited for the active owner hobby enthusiast desiring the business and the property. This 11-year-old hobby shop is the most reputable in the state of NJ. Most customers are from north NJ but some travel from all parts of the state. Revenue is primarily from the sale of remote-controlled (RC) cars/trucks/, boats, and airplanes. Customers are diverse from first-time buyers to hobby enthusiasts. Most of the revenue comes from repeat customers. The store and its products are enjoyed by people from ages 6 – 60+! Trends are favorable. The current owner did the hard part as revenues blasted through $1 million. With slight adjustments, the new owner should take it to $1.5millon!
- Asking Price:
- $225,000 Furniture / Fixtures included
- Sales Revenue:
- $600,000
- Cash Flow:
- $200,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
The store is located on the main road in town.
- Premises Details:
-
The lot is 100' x 50' The store is 3,300 sq ft.
- Size in square feet:
- 3, 300
Business Operation
- Expansion Potential:
-
There is very little local competition. The new owner should implement a social media/SEO strategy. The owner could easily increase revenue by opening more hours.
- Competition / Market:
-
There is very little local competition.
- Reasons for selling:
-
Retirement
- Trading hours:
-
The store is open Tuesday noon – 5 pm, Weds.-Sat. 11:30 – 6:30 pm, Sunday Noon-4 pm
- Employees:
- 1
- Years established:
- 11
Other Information
- Support & training:
-
The current owner is willing to train and assist in a smooth transition.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
There is some seller finance available on the business portion.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $600,000
