Benjamin Moore Paint & Hardware Franchise

Somerset County, NJ

Seller Financing Available
Benjamin Moore Paint & Hardware Franchise

Asking Price:$75,000

Cash Flow:$75,000

Gross Revenue:$440,776

EBITDA:N/A

FF&E:$75,000

Inventory:$100,000*

Lease Rate/Sq. Ft.:N/A

Established:2008

*not included in asking price.

Benjamin Moore Paint & Hardware Franchise

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Business Description

Nationally known paint and hardware retail franchise business located in an affluent area of Northern New Jersey. This highly successful franchise offers an exclusive line of paints in addition to various hardware products to the general public. Benjamin Moore offers an extensive line of exterior wood stains, all formulated to protect and beautify your wood or composite deck, as well as fences, siding and outdoor furniture. Their stains are available in five opacities, from transparent to solid, and an unlimited number of colors. Browse their video library for information on staining, deck care and choosing the right deck stain for your home, and then view their extensive color resources to find the best hue for your wood staining projects. Only Benjamin Moore independent retailers carry their paints, stains, and applicators - not the big-box stores. Whether you need interior or exterior, high-end or commercial-grade coatings, Benjamin Moore paint stores are ready to serve you and answer all of your questions. Seventy percent of the sales represent paint products which represents a substantial mark up to the owner operator. The business assets have an estimated value of $110,000 and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has one-part time employee who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $750. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $4,879 and rent security $8,000. The business facility has a capacity for approximately thirty customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 9:00 am to 7:00 pm. The sale includes a certificate of occupancy from the particular municipality, franchise approval and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a highly dependable investment return to the owner operator prior to debt service. The 2015 yearly gross income is $440,776 and the business has a yearly net income of $75,000 based on an owner operator and prior to debt service. The business has been valued at $75,000 based on a multiple of the net yearly income, purchaser will be responsible for inventory of approximately $100,000 and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Also no franchise transfer fee is required. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
1/1/2023
Employees:
One
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The retail facility which consist of 1,600 square feet has a modern and attractive appearance. The business is in a mid-size convenient mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Somerset County, which consists of various affluent communities with continued demand for this particular industry.
Competition:
To the best of our knowledge due to the franchise, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has a limited marketing plan for the general area and if improved can further develop the business bottom line net income.
Financing:
Seller financing is available to qualified buyers.
Support & Training:
The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator.
Reason for Selling:
The owner is relocating out of the area into an alternative industry.
Franchise:
This business is an established franchise

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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