Cell Phone Sales & Auto Sound System Installation
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $480000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1995
Number of Employees 1 - 3
Inventory $85,000 equipment only.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will remain 30 days post closing and supply an appropriate transitional period.
Reason for Sale Relocating into an alternative business opportunity.
Description Excellent opportunity to own this highly profitable ten year old retail company in Monmouth County New Jersey. The company has a gross yearly income of $480,000 and a $100,000 yearly net income to the owner operator. The business income is derived from 40% Cell phone sales and repairs, 25% of sales and installation of automobile sound systems, 10% of auto window tinting and 25% general auto repairs. The sale includes an Ultra modern retail store facility on an active highway in a commercial mall including a three bay garage with substantial private parking. The sale includes a seventeen year remaining commercial lease with a monthly rent payment of $1,500 for the retail store and $2,300 for the three bay garages. The business has a long term commercial lease at a fair rent and the sale includes various equipment including lifts, POS system and equipment required to maintain this particular business operation. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. This is a solid opportunity with substantial growth potential. This modern attractive facility consists of a 1,800 square feet retail store in an attractive mall setting with various other successful businesses. The sale also includes a private three bay fully equipped commercial garage next to the retail store. Both facilities have a clean professional image.
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