Seller Financing Available
Gross Revenue: $2,000,000
Lease Rate/Sq. Ft.: $24
* not included in asking price.
Retail Cosmetic Business
Highly profitable, modern Cosmetic and beauty supply business for sale in an active commercial area of Central New Jersey. The sale consists of a twenty-year-old, fully equipped attractive high volume retail business with a gross income of $2,000,000 and a consistent yearly net income of $345,000. The company purchasers in bulk from various international manufactures, and supplies competitive prices with a high mark up and substantial return to the company. The business has thousands of products, on high demand, that they offer to the public. The business assets, based on the past year corporate tax returns is approximately $275,000. The sale consists of a fully equipped commercial retail setting, which includes displays, shelving, POS system, tables, computers, racks, 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 company has twelve Full and part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $20,000. The company has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent cost of approximately $10,000, cost per square feet is $24.00, and rent security of $20,000. This retail facility is located in a commercial area which consists of approximately 5,000 square feet has a capacity for approximately seventy-five customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, with hours from 9:00 am to 6:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. Additionally, the company has long standing professional relationships with specific manufactures, which allows them to offer their particular products, and frequently not available to many other retail competitors. 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 consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is approximately $2,000,000 and the business has a consistent net yearly income of $345,000 based on an onsite owner operator and prior to any debt service. The business has been valued at a multiple of 2.8 times the average net yearly income, which includes 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. This transaction will involve an inventory expense, based on dollar for dollar cost and wholesale value. 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.
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 5,000
Lease Expiration: 1/1/2026
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: This business opportunity represents a modern retail facility in Central New Jersey, Mercer County which consists of 5,000 square feet. The business has various areas with different offerings, in an attractive professional setting. The company is in a commercial shopping area which consists of various highly populated affluent communities with continued demand for these personal products.
Competition: To the best of our knowledge, due to various circumstances, 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 2015 yearly gross income is approximately $2,000,000 and the business has a consistent net yearly income of $345,000 based on an onsite owner operator and prior to any debt service.
Financing: Seller financing is available to qualified buyers.
Support & Training: The seller will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Reason for Selling: The owner is retiring from the retail industry.
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