Trophy Co. Nets $149k

Not Disclosed, NJ
Essex County


Asking Price: Annual Revenue:
$325,000 $516,000

Retail: General Merchandise - Retail


Request More Information
Contact the Seller

RE: Trophy Co. Nets $149k Broker: Ron Cervelli
Owner Financing is Available!
Available to a qualified buyer.

Quick Facts

Asking Price: $325,000
Annual Revenue: $516,000
Net Profit: Not Disclosed
Cash Flow: $149,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1973
Employees: 7
BBN Listing #: 15833909
Broker Reference #: RETL373

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Long established retail trophy company with a gross income of $516,000 and a net yearly income of $149,000 based on an onsite owner operator. The company has relationships with sports clubs, schools, retail and non-retail companies. They offer 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 relationships. The company also has an online Trophy & Awards menu available to its customers. 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). This business consist of 1 full time employee and 6 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 $9,500. The business transaction has an assignable commercial lease which expires 2025, plus additional options available, with a monthly rent of $2,800, cost per square foot is estimated at $11.20 and rent security of approximately $2,800. The business has been valued / priced at $325,000 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. 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.

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, Sussex County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

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, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

The owner has elected to retire.

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:

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!