The high quality exclusive retail beauty supply company which offers, the highest quality personal services with the best possibility products in the industry. This is a highly successful, very upscale Cosmetic and beauty supply business available in Northern NJ. The company has been well established for many years. This business has the most exclusive personal products available on the market for makeup, skin care, fragrance, bath & body and hair products. The company has a consistent gross income and enjoys a huge mark up with each of its product sales. The business also offers personal spa salon services, for hair, facials, makeup and Swedish massage, which fill real needs and provide lasting values to their clientele. This is a unique business opportunity and based on the asking price, required down payment and yearly net income, this business can supply a 35% investment return to the owner operator before debt service. This industry does not require government agency approval to purchase however appropriate state operator licenses are required. The company has a wonderful retail presence in a high-end mall with various other national company's which attract a huge volume of daily shoppers. The facility which consists of 1,840 square feet has a beautiful, elegant, professional appearance. The business is in a commercial mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Morris County, which consists of various highly populated affluent communities with continued demand for this particular service. This company has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $12,500. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $5,789 and rent security $10,000. The company is located in an active commercial mall, and the facility has a capacity for approximately thirty-five customers. The business assets have an estimated value of $95,000 which is based on the past year corporate tax returns. The sale consists of a fully equipped commercial retail store, which includes displays, shelving, massage tables, specialized equipment, 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 the purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The company is active seven days per week, with hours from 9:00 am to 6:00 pm, shorter weekend hours.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. The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. The owner is relocating out of the state of New Jersey. The business presently has a basic marketing plan, standard web site and semi-absentee owner, if altered 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 $475,000, and the business has a yearly net income of $58,000 based on an onsite owner operator and prior to debt service.
Asking Price $99,000
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