Somerset County, NJ Furniture and Furnishings Stores For Sale

Furniture and Furnishings StoresNew JerseySomerset

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Hardware & Paint Franchise
$75,000Cash Flow: $75,000Seller Financing
Hardware & Paint Franchise

Somerset County, NJ

Nationally known paint and hardware retail franchise business located in an affluent area of Northern New Jersey. This highly successful franchise offers an exclusive line of paints in addition to various hardware products to the general public. Benjamin Moore offers an extensive line of exterior wood stains, all formulated to protect and beautify your wood or composite deck, as well as fences, siding and outdoor furniture. Their stains are available in five opacities, from transparent to solid, and an unlimited number of colors. Browse their video library for information on staining, deck care and choosing the right deck stain for your home, and then view their extensive color resources to find the best hue for your wood staining projects. Only Benjamin Moore independent retailers carry their paints, stains, and applicators - not the big-box stores. Whether you need interior or exterior, high-end or commercial-grade coatings, Benjamin Moore paint stores are ready to serve you and answer all of your questions. Seventy percent of the sales represent paint products which represents a substantial mark up to the owner operator. 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 highly dependable investment return to the owner operator prior to debt service. The retail facility which consist of 1,600 square feet has a modern and attractive appearance. The business is in a mid-size convenient mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Somerset County, which consists of various affluent communities with continued demand for this particular industry. This particular business has one-part time employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $750. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $4,879 and rent security $8,000. The business assets have an estimated value of $110,000 and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, POS system, tables, computers, 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. The business is active six days per week, with hours from 9:00 am to 7:00 pm. The 2016 yearly gross income is $440,776 and the business has a yearly net income of $75,000 based on an owner operator and prior to debt service.


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