Retail Car Audio & Phone Accessories

Not Disclosed, NJ
Monmouth County


Asking Price: Annual Revenue:
$69,000 $425,000

Retail: General Merchandise - Retail


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RE: Retail Car Audio & Phone Accessories Broker: Ron Cervelli

Quick Facts

Asking Price: $69,000
Annual Revenue: $425,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 1
BBN Listing #: 28403909
Broker Reference #: RETL375

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Business Overview:

Opportunity to own this retail communications company that offer sales and installation of auto audio sound systems and phone accessories. This twenty-five-year-old company has a wonderful location in Monmouth County, which can be increased with an onsite owner operator. They are an authorized Boost Mobile Store opened in 1995 and carry a full line of mobile phone and car accessories including Brand names like, Casemate, Samsung, Incipio, Otterbox, Motorola, Urban Armor Gear, Samsung, Spigen and more! This retail Communications business sells car audio equipment, alarms, remote starts and window tinting, and they carry Memphis, Pioneer, Clarion, JVC and a full line of DEI products as well. They install all equipment by their certified installation team, and they are dedicated to their community and customer service. This retail auto related company consist of one full time employee who is unaware of the pending sale. The payroll is primarily based on an hourly basis, $12.00 per hour, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $2,080. The business transaction has an assignable commercial lease which expires 2020, plus additional options available, with a monthly rent of $2,000, cost per square foot is estimated at $15.50 and rent security of approximately $2,000.The business has been valued / priced at $69,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Inventory $20,000.Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

The business consists of a retail store front and a one bay auto bay. The business location consists of a long standing twenty-year-old retail facility, approximately 1,475 square feet with an attractive appearance. The business is in a modern mid-size commercial mall with five other successful businesses. This opportunity is in Central New Jersey, County, and the general area consists of various highly populated communities with continued demand for this industry.

Market Competition and Expansion:

To the best of our knowledge, we are unaware of any other new competitors expected near to this business. The business can be further expanded by the new operator, by instituting window tenting and other services, also by an improved marketing plan and local advertising, optimizing the web site which can further develop the business yearly gross sales.

Reason for Selling:

Owner is relocating.

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.

Documents:

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