Long established retail trophy company with a previous gross income of $669,929 and a net yearly income of $160,238 based on an onsite owner operator. The company has relationships with sports clubs, schools, retail, and non-retail companies. They offer plaques, trophies, medals, ribbons, acrylic awards, clocks, pens, name plates, banners, t-shirts, bowling balls, etc. A substantial amount of their business income represents resale order to long standing customers with continued relationships. The company also has an online Trophy & Awards menu available to its customers. Their locally owned business has provided their services to thousands of customers across the New Jersey metropolitan area. Their awards, gifts, and promotional items are all made from high-quality materials, and customized in house with engraving and sublimation capabilities. To meet the diverse needs of coaches, high schools, youth organizations, sports teams, academic leagues, tournaments, marathons, nonprofit organizations, and businesses, they maintain and have access to a huge inventory of awards and promotional products (both foreign and USA made). This is a dependable safe business opportunity.
- Asking Price:
- $350,000 Furniture / Fixtures included
- Sales Revenue:
- Cash Flow:
- Real Estate:
- Lease Terms:
The business transaction has an assignable commercial lease which expires 2025, plus additional options available, with a monthly rent of $3,600, and rent security of approximately $2,800.
- Leasehold Rent:
$43,200 per annum
- Lease Rent:
- $18 per sq ft per annum
This successful retail facility which consist of approximately 2,500 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.
- Size in square feet:
- Expansion Potential:
The business can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
- Competition / Market:
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 owner has elected to retire.
- Trading hours:
This successful business operation is active 6 days per week, with hours from
9:00 am to 6:00 pm Monday-Friday, 9am-3pm on Saturdays.
- This business consist of one full time employee and six part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,500.
- Years established:
- Support & training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $99,000 - included in the asking price
- Inventory / Stock value:
- This business can be relocated.