Easy To Own/Operate*Great Lifesytle*Lender Ready

Bergen County, NJ

Easy To Own/Operate*Great Lifesytle*Lender Ready
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Asking Price: $380,000

Cash Flow: $149,168

Gross Revenue: $979,401

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2012

Easy To Own/Operate*Great Lifesytle*Lender Ready

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Business Description

Retail-Commercial Parts*Formal 'Wall-Stree' Level Appraisal Done*

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. 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! 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.

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 leaves 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 (projections… $904,327)

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

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

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.
Growth & Expansion:
Aggressive marketing. Build relationships. Diversify products/services.
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.
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Business Listed By:
Patrick Sherman

Blue Stone Business Group

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