Manufacturing Distribution Retail Business for Sale at the South Jersey Shore
(Manufacturing, Retail)
New Jersey
Listed Price: $ 2,150,000
Listing ID: 1507
Listing DetailsGross Revenue: $ 4,313,000
Cash Flow: $ 530,000
EBITA: $ 530,000
Inventory: $ 150,000
Reason for Sale:
Owner Retiring
Training & Support:
2 Years
OperationsYear Established: 1880
Last Acquired: 1971
Employees: 13 Full Time In Season
Absentee Owner: No
LocationLease Expire: 2033-12-31
Option: 5 Years
Square Footage: 12500
Type of Location: Stand Alone
Facilities:
Factory laid off Jan 1 thru March 31. Four stores are closed Jan 1 thru April 30. 2 stores are open year round. Office never closes. 5 year lease with a 5 year option. Expires 2033.
SummaryBusiness Description:
Manufacturing, distribution and retail business for sale in Atlantic County, NJ! Established since 1880 with the same owner the last 52 years. 13 full time employees while in season. The business has a factory and six retail locations currently. Mail order can be grown with new buyer. All products made are delivered from their own trucks. With $500,000 down, for qualified buyers with collateral, seller will hold note.
Financing/Terms:
With $500,000 down for qualified buyers with collateral, Seller will hold note.