Furniture Retailer
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $375,000 |
$316,000 |
$111,500 |
Furniture and Fixtures Value:
$2,000 (included in the asking price)
Inventory Value:
$7,000 (included in the asking price)
Business Summary:
This business is almost exclusively focused on serving the need of customers required to purchase from this vendor by the government. Sales are generated via vouchers from state funded programs and the company is reimbursed within 30 days by the government. Almost everything is selected from catalogues and is drop-shipped. Exceptional customer service and the lowest prices of all vendors have contributed to a 32% increase in revenues from Q1 to Q2 with no advertising. Margins run somewhere around 50%. The owner is willing to remain for 2 months after completion of the sale and secure relationships for the new owner with municipal officials. A sweetheart lease of only $1,000 per month for the next 4.5 years with an option for another 5 years makes this one hard to pass by. For further information please contact Howard Kupferman at 908-851-9040 Ext. 263.
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| Year
Business was Established: 2011 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
3,000 sq. ft. warehouse and office with 4.5 years left on a 5 year lease with an option for 5 years |
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| Potential
Growth/Expansion:
Business increased 32% from Q1 to Q2 with no advertising. Need for this company; products/services increases with the recession. Exceptional customer service catapults this company well beyond its competitors potential. |
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| Competition:
Limited |
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| Owner
willing to finance:
All cash |
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| Owner
willing to train:
2 months |
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| Reason for selling:
Pursue other business |
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| REQUEST MORE INFO |
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