MergerPlace

Established Cosmetic Center with 1000's

New Jersey (Essex)


  • Asking Price: $249,000
  • Gross Income: $229,135
  • Cash Flow: $154,189
  • Real Estate: Not Disclosed
  • Inventory: $35,225
  • FF&E: $70,606
  • Listing ID: #213693
  • Established: 1979
  • Employees: 1 PT

Business Description

High profit business that sells cosmetics, skincare and accessories. Dedicated customer base with recurring revenue.

Retail cosmetic store that has been in business for 40 years and continues to sell quality make up and skin care at affordable pricing while giving their customers the service and personalized attention that they need.

Their reputation, and 40 years in business is a testament to the fact that women of all ages and socio-economic stratas are looking for a place to buy and replenish their cosmetics in a nurturing environment where they can trust the quality and continuity of the products and service.

In addition to make up and skin care, the business sells fashion and sterling jewelry, accessories, as well as current trended items to round out the look and feel of the store while capitalizing on the profitability of its space. Purchaser will buy the inventory at cost. Therefore the final sale price will be $149,000 plus the cost of inventory.

Additional specifics on the products and services:

Cosmetics are hypo allergenic with no parabens.
The center provides makeovers for special occasions and gives make up lessons.
Mail orders are shipped locally and nationally.
Computerized records for thousands of customers to be able to refill their orders continually.
Multiple location potential both as a chain operation and as franchising with the ground work already established.

Breakdown of Sales Revenue:

Make Up and Skin Care sales: 90% - Cost of products 20-25%
All other: 10% - Cost of products 30-50%

Seller Financing May Be Available to a Qualified Buyer.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: New Jersey
County: Essex

Company Information

Year Established: 1979
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 PT

Financial Information

Asking Price: $249,000
Gross Revenue: $229,135
Cash Flow: $154,189
FF&E: $70,606
Inventory: $35,225
Seller Financing Available: No

Property Information

Facilities:

The business leases its facility which is located in a suburban Essex County upscale community. The store is on a major roadway in-town with high volume of traffic all day. The store consists of 1,000 square feet of space, is well maintained and with ample parking adjacent to the store. The store is clean and attractive with high-visibility.

Growth & expansion opportunities:

This business has a tremendous opportunity for growth, locally and nationally. The owner has operated in a semi-retirement mode for several years. A new owner who wished to grow the business, could expand the days open from 3 to 6, and do more advertising, marketing and on-line sales.

Competition:

Although seemingly, it is true that any place that sells makeup like department stores, drug stores, drug chains etc. are their competition, they are special in breed and have been successful because of their service orientation coupled with high quality products comparable to department store brands at a fraction of the price. Benefits of the Business High profit business in a recession proof industry. Consumable products that need replenishment on a regular basis. Name recognition as a result of our longevity in the same town for 40 years. Quality of life business. Low monetary requirements for running the business. Non seasonal items. Owner absentee potential. In addition to the above, they have an excellent reputation for being the "go-to" place to buy cosmetics and gift items.

Reason for selling:

Owner is retiring after 40 years in business.

Support & Training:

Will train for 2 weeks @ no cost Private label Make Up and Skin Care Beauty Make-overs for all occasions Jewelry | Accessories | Gifts Proprietary Licenses Included in Business: Nationally trademarked name URL

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Business Listed By:

Ed O'Deven

Murphy Business Brokers