Easy To Own/Operate*Great Lifestyle*Lender Ready

Paramus, NJ (Bergen County)

Seller Financing Available
Easy To Own/Operate*Great Lifestyle*Lender Ready
Contact Seller

Asking Price: $380,000

Cash Flow: $136,166

Gross Revenue: $922,016

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2012

Easy To Own/Operate*Great Lifestyle*Lender Ready

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Business Description

Portable Power/Lighting/ Service/ Retail/ B2B Franchise

THIS IS A GREAT Small Parts business focusing on easy to manage products associated with consumer electronics. Seller wishes to retire. Solid business with consistent earnings and sales. Not difficult to own or operate (over the counter parts and light service). A friendly demeanor, management skills and a willingness to get out and say "hello" to clients from time to time will go a long way to making sure you’ll be successful - Not to mention you really have good control of your day, so, to say this is a great “lifestyle” business would be an understatement! As you dive into your due diligence, you will find that other franchise owners of this brand absolutely love the business and make great money. The price listed for this location is the *Appraised Price*. Further, this is a Wall Street level appraiser used by Wells Fargo and US Bank and about a dozen other banks.

For all practical purposes this is a niche parts business with a well-defined product line that almost every person in America uses daily. The organization operates in the large, under-served industries of batteries and light bulbs. Also, the proprietary computer software makes your job almost brainless for matching up parts to the right device. Additionally, the seller will “show you the ropes” (there’s really not that many of them) plus, there is extensive training by the Franchisor so you’ll know how to operate the business even before you get the keys!

Here is another good reason to consider this business ….

*Return on your Investment (ROI)!

*Projected 23%* return on your investment!!! (A good year in the stock market is 5 to 15%)
*This project is lender ready for a qualified buyer.
*These calculations assume a buyer will take over the seller’s full time role in the business.
*Purchase price: $380,000.
*Down payment: $133,000 (35%).
*Debt service per year: $35,961 ( $380,000- $133,000=$247,000 financed) at 8% over 10 years is apprx. $35,961 year.
*Weighted discretionary earnings: $136,000.
*Earnings after debt service = $100,039.
*Take out a $70,000 year salary which will leave you with $30,039 ($100,039-$70,000=$30,039).
*$133,000 / $30,039 = 23% return on your investment!! Try getting that in the stock market year after year.
*So, you can take out of the business about $70,000 a year and still have about $30,000 to do what you wish.

*Sales history: 2015 (889,705) / 2016 (932,755) / 2017( 979,401) / 2018 ($922,016).

*Weighted discretionary earnings 40% weighted to 2018 and 30% weighted to 2017 = $136,166.

*Buyers will need a minimum of 35% of purchase price required if using bank financing.

*Buyers will need an additional $50k to $70k in (available) working capital which can probably be secured with the loan.

*This structure is for buyers with good credit, good business background, collateral and verifiable funds. Other requirements may be required, but TBD.

*Important: Don’t take our word for it, you must have your accountant verify all of these calculations and see if they come to the same conclusion BEFORE you put any money at risk. We are confident when your accountant runs the numbers they will come to the same conclusion. Working capital is not calculated into these figures above.

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Non-Disclosure Agreement required. The seller wished us to keep this sale confidential which is why we are not publishing sensitive financial information or the name. All information, data, financials, valuations, appraisals, etc. must be verified with the seller and buyer's own professional advisors, CPA, etc. Gross sales, cash flow stated by seller, 2017.

Contact us today. We will provide a quick 3-minute-online NDA via Email. Check your in-box and junk folders too.

Detailed Information

Employees:
8
Facilities:
Super clean, modern, very well-maintained retail stores. High traffic. High visibility. Trained, well-seasoned staff. Easy access from the street. Plenty of parking.
Competition:
This organization operates in the large, under-served industries of batteries and light bulbs. The U.S. battery industry is estimated to be $30.7 billion in sales with an annual growth rate of 4.1%, while the U.S. light bulb industry is about $17+ billion with an average growth rate of 5%.They have 560+ franchise locations and 40 corporate stores with no national competitors. This company has multiple revenue streams to tap into. They cater to retail customers, business to business sales, a national accounts program, an e-commerce site, and an in-house tech center. Their unique retail business supplies consumers with batteries and light bulbs for cordless tools, razors, cell phones, computers, toothbrushes, pet training devices, specialty LED and CFL bulbs for anything for the home or office. Their commercial customers are utility companies, tool and die controls, the military, aerospace, unlimited opportunities. The in-store tech center provides custom battery applications, testing, and evaluation. You also have the opportunity to participate in a national accounts sales program and an e-commerce site generating additional revenues. This business truly caters to the demands of today’s technology and lifestyle. They offer over 45,000 different types of batteries, light bulbs and related products. With the need for battery-powered digital devices, this is an industry that is only going to continue to expand. Light bulb demand is fueled by a growing variety of specialty light bulbs and the transition to energy saving alternatives, such as CFL and LED. This is a very mature company that has been franchising for over 25 years. You will receive an exclusive territory and extensive training and support both at the corporate headquarters and in the field.
Growth & Expansion:
Implement aggressive marketing. Build relationships in the community. Diversify products/services. Follow the franchise system, marketing. Attend trade shows. Join local business chambers/associations.
Financing:
Seller Willing To Carry A Note.
Support & Training:
No special skills, licenses or technical abilities needed. Extensive training and ongoing support provided by franchisor. Some management and basic sales skills required.
Reason for Selling:
Retirement.
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Business Listed By:
Patrick Sherman

Blue Stone Business Group

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