Trophy Company Nets $149k

Essex County, NJ

Seller Financing Available
Trophy Company Nets $149k
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Asking Price: $350,000

Cash Flow: $149,000

Gross Revenue: $516,000

EBITDA: N/A

FF&E: $125,000

Inventory: N/A

Rent: $2,800 /Month

Established: 1973

Trophy Company Nets $149k

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Business Description

Long established retail trophy company with a gross income of $516,000 and a net yearly income of $149,000 based on an onsite owner operator. The company has relationships with sports clubs, schools, retail and non-retail companies. They offer plaques, trophies, medals, ribbons, acrylic awards, clocks, pens, name plates, banners, t-shirts, bowling balls, etc. A substantial amount of their business income represents resale order to long standing customers with continued relationships. The company also has an online Trophy & Awards menu available to its customers. Their locally-owned business has provided their services to thousands of customers across the New Jersey metropolitan area. Their awards, gifts, and promotional items are all made from high-quality materials, and customized in house with engraving and sublimation capabilities. To meet the diverse needs of coaches, high schools, youth organizations, sports teams, academic leagues, tournaments, marathons, nonprofit organizations, and businesses, they maintain and have access to a huge inventory of awards and promotional products (both foreign and USA made). This business consist of 1 full time employee and 6 part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,500. The business transaction has an assignable commercial lease which expires 2025, plus additional options available, with a monthly rent of $2,800, cost per square foot is estimated at $11.20 and rent security of approximately $2,800. The business has been valued / priced at $350,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. The business has been valued / priced at $350,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating.

Detailed Information

Location:
Essex County, NJ
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This successful retail facility which consist of approximately 3,000 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
Financing:
Seller financing is available to qualified buyers.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The owner has elected to retire.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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