Description

Fifty-year-old highly profitable retail business with a dependable gross yearly income of $4,000,000 and a projected 2016 net yearly income of $300,000. The business consists of three retail facilities, two in Northern New Jersey and a third in Manhattan, New York. This is the largest independent retailer of custom window fashions in the metropolitan area. Owner preparing to retire from this family owned long standing company. They offer free in home decorating services for custom draperies, blinds, shades, shutters and upholstery in Northern & Central New Jersey and Manhattan, NY. The company is very profitable, with a consistent gross margin of 50% and they require 75% deposit from the customer before placing an order and routinely collect the balance prior to installation. The company has a wonderful offering, the competition is either too large such as box stores who does not offer shop at home decorating, or too small with limited products and services. The company has an outstanding reputation and has been awarded as the National Retailer of the year. They are a third generation family business that has been serving customers for the past 81 years. With a seemingly limitless variety of choices, draperies and window treatments they can be casual or completely elegant. They can display your personality, fashion and interior style, yet add privacy and enhancement features. 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 33% investment return, the first year, to the owner operator prior to debt service. Private Retail Company which supplies the largest selection of Window Fashions to the general public, SIC Code: 442291, This purchase opportunity does not require any specific government license to purchase.

Posted Sep 21, 2016

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