Owner Financing is Available!
Business Overview:
Successful Retail Store and Leather Dealer specializing in a huge selection of American Western merchandise such as, clothing, Rugs, leathers and much much more. The store is conveniently located on a major state highway of northern New Jersey with a huge traffic flow. The business is widely popular within all of New Jersey and has a huge selection of apparel inventory which includes various leather products, outerwear, boots, vests, shoes and hats. The business also offers a large selection of Southwestern jewelry, rugs, pottery, art supplies, home furnishings, gifts etc. The Business has recently been approved as an authorized Dealer for Tandy Leather products and has received a 22 mile exclusive territory. Tandy is a National Company and sales leader of raw leather products to the general public. This new Dealership is expected to increase the business income by a minimum of 20% of the gross sales. The business has been long established and maintains a wonderful reputation with a loyal customer base. The business has a website which also offers delivery orders to any location in the US and therefore, draws additional sales traffic. The gross annual sales are above $500,000, with an expected increase to $700,000 for the next twelve month period and a substantial continued net income for the owner. The present owner is retiring and is prepared to train, remain post closing and finance the sale to a qualified purchaser. This is a most unique opportunity which must be seen to fully appreciate.
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:
Located on a major state highway and busy urban area of New Jersey. This is also a prime commercial area with a huge traffic flow and a large number of shoppers and workers. The facilities consist of 6,000 square feet with a full basement, substantial equipment and ample private parking. The seller will supply a long term 15 year lease with a yearly rent of $42,000 triple net and an option on the purchase of the real estate.
Market Competition and Expansion:
There are absolutely no similar businesses within a large area and with this much popularity and recognition.A further increase in sales can be acquired by updating the website and by offering online specials.
Reason for Selling:
Retirement
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.
- This is not a distressed business or bankruptcy situation.