No down payment for this highly successful retail Jewelry business in an affluent community of Northern Bergen County, New Jersey. The company is located on an active avenue with various other retail businesses which attract a substantial number of shoppers. The purchaser should have experience in the jewelry industry. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,333 and rent security $5,000. This retail business which consists of 1,200 square feet has a capacity for approximately twenty-five customers. The business assets have an estimated value of $55,000, 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. The facility has appropriate municipal parking nearby to the business. The business is active six days per week, with hours from 9:00 am to 6:00 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 an appropriate investment return to the owner operator prior to debt service. The 2015 yearly gross income is $301,500 and the business has a yearly net income of $42,000 based on an owner operator and prior to debt service. The business has been valued based on a month to month lease which includes 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 does Not represent this particular business opportunity.
Asking Price Available On Request
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