Successful Book Store
For Sale in NJ
Financial & Assets Details
About the Business
Highly popular independent retail Book shop founded in 1965 with a wonderful reputation in Northern New Jersey Sussex county. They specialize in finding fantastic and unusual gifts / books, etc. for every person and customer. If you seek a great gift, they have hundreds of appropriate prints and books to choose from. They are a bookstore carrying literary fiction, non-fiction, history, travel, education, and a large children's section. Their knowledgeable staff assist their customers with each request and they carefully chose the books they sell each season to reflect their customer’s needs. They consistently host various events throughout the year including author signings, children events and they support their schools and community with events and literacy support. This retail bookstore consist of four part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $1,700. The business transaction will offer a commercial lease, term to be negotiated with landlord. The business has been valued / priced at $150,000 which is based on the multiple of the net yearly income represented by the seller, which includes the value of the specific business assets. Routinely the company has approximately $70,000 of marketable wholesale inventory and the purchaser will be responsible for that cost at time of closing, based on wholesale value. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
Growth & Expansion
The business opportunity can be further expanded by the new operator by improving the existing marketing plan and local advertising. Additionally, the company has a limited optimized web site and if adjusted can further develop the business yearly gross sales.
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
This opportunity is in Northern New Jersey, Sussex County, consisting of an affluent and highly populated communities with continued demand for this industry and products. This successful retail facility which consist of approximately 2,000 square feet has an attractive appearance and is in a convenient mid-size commercial mall with other active retail businesses.
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner is retiring after many years.