Do what you always wanted
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $1,000,000 |
$530,400 |
$198,740 |
Furniture and Fixtures Value:
$75,000 (included in the asking price)
Inventory Value:
$200,000 ( not included in the asking price)
Real Estate:
$800,000 (included in the asking price)
Business Summary:
This functioning hardware store whose business has been now stabilized after onslaught of the big box stores, now in its 104th yr. of existence still does remarkable trade. Closest box store 2 miles distant. Largest portion of business (50%) is small engine repair (mark up 80%). 10 % of sales is used equipment that store has repaired inventory turns over fast. Store is the fixture in its area, steady customers & now their children keep coming in. No rent by owner to himself is shown. This is a very safe investment as all salaried help will stay on. Building is two stories w/ long drive way, parking for 4. 2nd floor 4 apartments 2 in front 2BR, Living room, kitchen, bath $1150 rent 2 other $950 rent. Total rental income $50,400. Other Income: Owners Salary $52K Rent $50400.
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| Year
Business was Established: 103 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
Extremely long 2 story building 5,400 sq. ft. ground floor plus 2nd floor 180 foot long. Store on first floor 2nd floor 4 apartments 2- 2 bedroom apartments and 2 1 bedroom apartments. Parking for 4 cars with very long driveway adjacent to building. This is possibly best use for this building/ place well known in area. |
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| Potential
Growth/Expansion:
Joining a franchise such as service star, advertising, increasing evening hours and opening Sunday |
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| Competition:
Box stores took toll years ago however store is holding its own and increasing slightly. |
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| Owner
willing to finance:
Business $80K down gives back $302,740 profit, owner will assume $120K note. Building $800K, would qualify with money down mortgage (rental income). |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Retirement |
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| REQUEST MORE INFO |
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