Combination Dollar Store & C-Store located in Essex County, New Jersey. The business has a yearly gross income of $420,000 and a consistent net yearly income to the owner operator. The sale is due to an ongoing litigation between partners and none have the capacity to buy each other out. The business is near a major bus depot with substantial walk in customers. The sale consists of a fully equipped commercial retail store, which includes displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,533. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $4,800 and rent security $4,800. The business is located on an active commercial avenue and the facility consists of 3,800 square feet has a capacity for approximately sixty-five customers. The facility has appropriate municipal parking close to the business. The business is active seven days per week, with hours from 7:00 am to 11:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state Lotto licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 29% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $420,000 and the business has a yearly net income of $42,055 based on an owner operator and prior to debt service. The business has been valued at $49,900 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $49,900
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