Owner Financing is Available!
Business Overview:
Long established thirty year old, highly successful retail cosmetic and skin care business in an upscale suburban area of Northern NJ with a $250,000 average net yearly income. This wonderful non seasonable business in addition to makeup also offers perfume, accessories and jewelry. The company strictly markets its private label skin care and make up lines with profit margins ranging from 400% to 800% representing a substantial net to the owner. The business has a customer base of 4,000 registered active retail patrons and additional has a mail out service. The business is located on an active commercial avenue with many other successful businesses. The business is non seasonal and
recession proof due to the moderate product cost and high customer demand. This is a turnkey business with all the marketing systems, programs and buying strategies proven and in place for the new operator. The business presently has two employees who are trained in the industry and will remain post closing. The facility has numerous displays, counters, POS system, accounting software and various equipment required for this fully equipped retail store. The employees are unaware of the pending sale and are expected to remain post closing. Substantial municipal parking is on the site and available at the facility. The business is operational six day per week with hours from 10:00 am to 5:30 pm. The sale offers a long term ten year lease with a yearly rent of $25,000. The company has a consistent gross income of $550,000 and a solid net yearly income. This is a wonderful opportunity to move into this glamorous industry and further develop the business income with an improved marketing plan.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The facility consists of 1,250 sq. ft. in a free standing building at a modern attractive commercial setting. The facility has been recently redecorated with a pleasant comfortable setting and designed for this particular industry. Located in a wealthy upscale municipality of Morris / Essex County, New Jersey and on a highly active avenue with many other successful commercial businesses. The business is near various state highways for trouble-free customer access.
Market Competition and Expansion:
Due to the private product label and quality service no competitors are nearby or compete with this business and the seller will supply a non compete agreement to the purchaser. With an improved internet marketing plan and placing further efforts to develop the mail order service this business can obtain a greater portion of the market share. Additionally the company has preliminary approval to expand the business as a New Jersey Franchise.
Reason for Selling:
Retiring after many successful years.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.