MergerPlace

Best & Oldest Sporting Goods in Town!

New Jersey (Essex)


  • Asking Price: $139,000
  • Gross Income: $305,000
  • Cash Flow: $65,530
  • Real Estate: Not Disclosed
  • Inventory: $500,000
  • FF&E: $50,000
  • Listing ID: #200696
  • Established: 1971
  • Employees: 1PT

Business Description

46 year old "landmark" sporting goods store in a bustling area with a lot of foot traffic. Same owner since its inception who is looking to retire soon. The store carries a diversified selection of products, & the owner will gladly out-source if there's an item not carried in stock. Plenty of street parking out front & on a side street. There's very minimal area competition. A new owner should set up an online website, which would increase its revenue. Furniture, Fixtures, & Equipment valued @ $50,000 is included in sale. OTHER EXPENSES: Auto & Truck $1,950, Office Expense $1,100, & Snow Removal $50 = $3,100. Landlord will offer a long term lease to qualified buyers. Contact Seth Kain for additional information & showing.


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: New Jersey
County: Essex

Company Information

Year Established: 1971
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1PT

Financial Information

Asking Price: $139,000
Gross Revenue: $305,000
Cash Flow: $65,530
FF&E: $50,000
Inventory: $500,000
Seller Financing Available: No

Property Information

Facilities:

2,000 sq. ft. along with a full size basement. All Furniture, Fixtures & Equipment are in very good condition. Plenty of street parking in front & on the side streets. The Landlord will offer a long term lease to qualified buyers.

Growth & expansion opportunities:

A new owner should setup a new website to do “online” sales. Some additional advertising & promotion in town & to the many nearby schools should increase revenue significantly.

Competition:

There’s only one other sporting goods store in this town. There are a couple of chain stores but they’re all in other towns; a bunch of miles away.

Reason for selling:

The owner is retiring

Support & Training:

Up to 2 weeks at no cost to the buyer

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers