Lucrative Business w real estate

Belmar, NJ (Monmouth County)

Seller Financing Available
Lucrative Business w real estate

Asking Price:$299,000

Cash Flow:$550,000

Gross Revenue:$2,700,000

EBITDA:$110,000

FF&E:$145,000

Inventory:$350,000*

Rate/Sq. Ft.:$20.00

Established:1992

*not included in asking price.

Lucrative Business w real estate

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Business Description

Exceptional opportunity for Home builder to add dimension to his portfolio of businesses , kitchen designs and developments are the most profitable segments of the Housing business, having the ability to develop custom kitchens with access to direct wholesale in house , allows the retailer to sell the appliances and redesign the kitchen space at the same time, something very rarely done as one package .

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
8/21/2032
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
35 years established Appliance dealership servicing Ocean, Monmouth, Bergen , sussex counties . Premium Brands Only, Sub Zero, Bosch ,Liebherr, Marvel, Thermador, Viking , Avanti, LG,Kitchen Aid, Electrolux, GE Refrigerators, Freezers, stoves, washer, dryers, all and any appliances in the premium categories . 3700 sq ft show room with separate where house system, trucks and crew , to deliver, a service center for customer work and warranty work . Also AVAILABLE to PURCHASE is multi unit building with residential rental of $50,000 a year Business is turn key with employees running the business, owner has other interest in NYC
Competition:
Competition is mostly from Box stores, where the service is horrible and the quality of appliances reflects the same mentality . This very successful store offers Premium Quality brand mostly not made in China, premium technology supported by the store service department , long customer care and personal relationship without the annoying phone prompt, full service sales departments that answer the phone , are very knowledgeable in every phase of the business, mosts employees are 15 years or more in place, are paid well with base pay and incentive from manufacturers . Average employee pay is well above similar sales jobs positions .
Growth & Expansion:
Business has the ability to grow in various ways, marketing and presence in the market place, demos in Malls , Home shows , public relations , interpersonal relationships development.
Financing:
possible to qualified
Support & Training:
Seller will train during transition , managers in place can also teach the owner the business . This is an ideal business for a semi retired individual or an existing custom home builder looking to expand his base . Great opportunity for builders to benefit from retailing . Business income derived from selling merchandize and also from manufacturer rebates . Fun business, ideal for anyone in the trades .
Reason for Selling:
Other business interest in NYC

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Thierry Smith

Business Listed By:
Thierry Smith

1st Jersey Commercial

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