Business For Sale

Trophy Company Nets $140k

Not Disclosed, NJ
Essex County


Asking Price: Annual Revenue:
$350,000 $631,392

Retail: Non-classifiable


Request More Information
Contact the Seller

RE: Trophy Company Nets $140k Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer.

Quick Facts

Asking Price: $350,000
Annual Revenue: $631,392
Net Profit: Not Disclosed
Cash Flow: $142,825
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1976
Employees: 4
BBN Listing #: 94123909
Broker Reference #: RETL344

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Thirty-year-old retail company with a gross income of $631,392 and a net yearly income of $142,825 based on an onsite owner operator. The company has relationships with sports clubs, schools, retail and non-retail company’s which offers plaques, trophies, medals, ribbons, acrylic awards, clocks, pens, name plates, banners, t-shirts, bowling balls, etc. A substantial amount of their business income represents resale order to long standing customers with continued future relationships. The company also has an online Trophy & Awards menu available to its customers. This is a Northern New Jersey premier source for high-quality, affordable trophies, plaques, medals, corporate awards, promotional products, name tags, signs, and more since 1976. Whether you need a single trophy to commemorate an outstanding team member or hundreds of keychains to promote your business. This company will help, and their locally-owned business has provided their services to thousands of customers across the New Jersey metropolitan area. Their awards, gifts, and promotional items are all made from high-quality materials, and customized in house with engraving and sublimation capabilities. To meet the diverse needs of coaches, high schools, youth organizations, sports teams, academic leagues, tournaments, marathons, nonprofit organizations, and businesses, they maintain and have access to a huge inventory of awards and promotional products (both foreign and USA made). Regarding employees and payroll, this retail Trophy company consist of four full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,150.The business transaction has an assignable commercial lease which expires 01/01/2029, plus additional options available, with a monthly rent of $3,500, cost per square foot is estimated at $12.00 and rent security of approximately $5,000. Additionally, the owner has the real estate available to purchase at fair market value.The business fixed assets has an estimated value of approximately $ 125,000 which is based on the original equipment and licensing buildout & replacement cost. This successful business operation is active 6 days per week, with hours from 9:00 am to 6:00 pm Monday-Friday, 9am-3pm on Saturdays. The business has been valued / priced at $350,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The property is also available to purchase and based on a 25-year payout at 8% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This successful retail facility which consist of approximately 3,000 square feet have a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business can be further expanded by the new operator with an improved website, and marketing plan, which would further develop the business yearly gross sales.

Reason for Selling:

The owner is 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.

Documents:

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!