Bergen County, New Jersey, is a sign company with a wonderful long-standing reputation and quality service for commercial and residential customers. The company has a consistent yearly gross income and a dependable net yearly income for the owner-operator. This company takes the time to create high-quality signs and branding; from on-site consultation to design, permit processing, manufacturing, and installation, every project is treated as a priority. Their signs are compliant with the municipal ordinance and designed to aesthetically compliment the building and surrounding community. It is their business to provide a sign and branding that will demand attention and attract new and existing customers. Their objective is to always deliver the best product and service, ensuring customer satisfaction. We are confident this is a dependable business opportunity with future projected growth and a consistent return on investment for the owner and operator.
- Asking Price:
- $199,900 Furniture / Fixtures included
- Sales Revenue:
- $329,000
- Cash Flow:
- $93,265
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms, the business transaction will offer an assignable commercial lease which will expire 2024-01-01, plus additional options available, with a monthly rent of
$2,700, cost per square foot is estimated at $15,67 and rent security for two months.
- Leasehold Rent:
-
$2,700 per annum
- Lease Rent:
- $26 per sq ft per annum
- Premises Details:
-
The business is in a commercial retail facility which consists of 1,225 square feet with a modern professional appearance. The business is in a mid-size commercial mall with various other active businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of many retail companies and highly populated communities with continued demand for this industry.
- Size in square feet:
- 1,250
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the business opportunity can be expanded by improving the advertising and marketing. Additionally, the company has a limited poor 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, 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.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner relocating retirement out of the state of New Jersey.
- Trading hours:
-
Days Hours of operation, this retail sign company is active six days per week, closed Sunday with hours from 9:00 am to 6:00 pm.
- Employees:
- Regarding employees and payroll, this sign company consists of one employee who is not aware of the pending sale. The payroll is based on an hourly basis and is expected to remain post-closing.
- Years established:
- 1999For Qualifications purposes, this business opportunity does not require government licensing approval to purchase or operate other than the standard required municipal licenses.
Other Information
- Support & training:
-
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
SBA has been pre approved for owner financing.
- Furniture / Fixtures value:
- $55,000 - included in the asking price
- Inventory / Stock value:
- $5,000
- Relocatable:
- This business can be relocated.
