Dependable business opportunity to own this profitable pet shop with a gross income of $250,000 and a consistent yearly net yearly income of $52,500. The business is located on an active commercial avenue with many other successful businesses in Northern New Jersey and in Essex County New Jersey. In addition to fish the business has other pets such as dogs, cats and birds. 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 38% investment return to the owner operator the first year, prior to debt service. This industry does not require government or franchise approval to purchase or operate. This retail facility which consists of 1,240 square feet as a fully equipped retail pet shop. The business is located on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various highly populated communities with continued demand for this product. This business has one employee who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $1,850, $12.00 cost per square feet and rent security $2,500. The business is in a free stranding facility which consists of 1,240 square feet has a capacity for approximately twenty customers. The business assets have an estimated value of $75,000 which is based on the past year corporate tax returns. The sale consists of a fully equipped commercial retail store, which includes, tanks, filters, various cages, 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 location. The company is active seven days per week, with hours from 10:00 am to 8:00 pm. The sale includes a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing to supply an appropriate training & transitional period to the new operator. The owner has an alternative business responsibility not in the pet industry that demands his full-time attention. The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is $250,000 and the business has a yearly net income of $52,000 based on an onsite owner operator and prior to debt service. The business has been valued at $125,000, based on a multiple of 2.5 times the average net yearly income which includes the value of the specific business assets and a minimum of $10,000 of inventory. Also, 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 business opportunity.
Asking Price $125,000
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