Forty-year-old highly successful retail company with a gross yearly income of $1,468,483 and a consistent net yearly income of $204,000. The company is the largest private retail company which offers thousands of styles of fabrics for sewing fashion apparel, accessories and crafts, as well as a large selection of fabrics by the yard for home decorating and upholstery projects. The company offers Draperies, upholstery, dress & quilt fabrics, supplies, curtains, bedding, pillows and home accents. They also have a highly successful online service. They are the NJ's largest authorized Bernina Dealer – with sewing machines, sergers and embroidery machines in stock to fit every budget and skill level and free guide lessons provided with every purchase. Additionally, they also offer professional sewing classes. In their custom decorating department, they also carry hundreds of sample books with thousands of fabric swatches. They carry 3,000 bolts of dress, quilting, special occasion, juvenile, holiday and costume fabrics in every fiber from cotton, linen, silk and chiffon to wool, flannel, terrycloth fleece, velvet, tulle and lots more! They also carry 1,000's of bolts of first quality designer fabrics discounted 50% from Waverly, Ralph Lauren and more – in addition to 500 sample books containing over 25,000 fabrics for window treatments, bedding and upholstery. They also offer Shop-at-Home custom decorating service. One of their talented decorators will come directly to your home or office for a no-cost, no-obligation consultation. The decorator will bring samples to your home at no charge, measure your windows and give you a quote usually on their first visit. They stock thousands of buttons in every color, shape, size and material - from plastic, leather, silver and gold to pearls, rhinestones, enamels and wood. They carry over 3,000 trims and ribbons - for both fashion and home decorating projects. Their customers can stock up their sewing space with notions, supplies and patterns from Vogue, McCall's, Colette, Kwik Sew, Amy Butler, Sew Chic and Butterick. The business assets have an estimated value of $250,000 and 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 company has twenty employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $22,000. The business has an assignable commercial lease which expires 2017-01-01 with a presently monthly rent of $9,000 and rent security $18,000. The business is located in a free stranding facility which consists of 2,000 square feet and has a capacity for approximately seventy-five customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, with hours from 9:00 am to 6:00 & 8:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city 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 expects to supply a consistent investment return to the owner operator prior to debt service.
Asking Price $495,000
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