TWO Busy & Popular Clothing/Gift Stores on LBI
Ocean County, NJ
| Asking Price: | $399,000 |
| Gross Revenue: | $571,825 |
| Established Year: | 1986 |
| Cash Flow: | $136,918 |
| Inventory: | $547,000 |
Listing ID: 2285936Listing provided by BizBuySell
BUSINESS DESCRIPTION
New Listing! Seasonal with year round online opportunity!
Since 1986, these stores have been selling high quality, affordable, fun, colorful clothes to LBI residents and visitors. Hundreds of customers return annually. Each of the TWO stores has its own unique character and selection of merchandise. There is something for everyone of every size and age, from the very young to the young at heart. Inventory fluctuates daily and seasonally so will be available separately at cost based on inventory at closing.
DETAILED INFORMATION
Location
Ocean County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Employees
19
Facilities
Two separate retail locations on the same very busy and popular shopping destination on Long Beach Island (LBI), NJ. Well stocked and comfortable for shoppers to find what they are looking for.
Competition
There are plenty of stores on the island and in close proximity that often sell cheaper, second run poor quality merchandise. Selling high quality for nearly 40 years has been the secret to success and sets them apart from the masses.
Growth & Expansion
Growth through continuing to expand product lines and beach related products can be realized by the next owner. Also, while marketing has not been necessary, growing the online presence through the use of SEO and pay-per-click advertising can increase sales on the website during the off-season.
Financing
$319K down/$80K over 36 mos. @ 8%.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Owner is retiring.
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