3470vm Paterson Retail Specialty Shop
passaic, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $70,000 |
$145,000 |
$99,905 |
Furniture and Fixtures Value:
$16,500 (included in the asking price)
Business Summary:
Projected figures located at major intersection in busy downtown Paterson (w Broadway and Main st). Major bus stop located directly in front of store. Maitems all sold at very large markups. Ipods/MP3+MP4 and luggage (top seller) sold at over 100 to 200% markup. Ex. luggage wholesale cost 60. Sells at 165.00. Belt buckles markup over 250%, school bags over 150% m/u. Many items marked up over 3006. Toys m/u over 100%, Women's jewelry over 200%. Store averages less than $400.00 daily. Directly in front of store is bus stop. Buses stop every 5 minutes from Newark along with local transit buses. 20-25 people either waiting for or unloading during course of day. Weekends large walk by shopping traffic.
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| Year
Business was Established: 2007 |
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| Facilities / Terms of Lease:
Small but extremely busy. New store. All merchandise completely shared. Within 2 years 6% interest. |
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| Potential
Growth/Expansion:
Opening earlier and close later. Installing lottery. |
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| Competition:
Several stores in area. Sell similar products, but mix of better selling and costlier items are to be found here at high markup prices. |
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| Owner
willing to finance:
Owner will accept $20,000. Financing payable within 2 years 6% interest |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner going into partnership with brother |
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| REQUEST MORE INFO |
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