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Paterson Retail Specialty Shop

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $145000
Net Profit / Cash Flow  $99905
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2007
Number of Employees  1 - 3
Inventory  26000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks.
Reason for Sale  Owner going to partnership with brother.
Description  Projected figures located at major intersection in busy downtown Paterson (w Broadway and Main st). Major bus stop located directly in front of store. Maitems all sold at very large markups. Ipods/MP3+MP4 and luggage (top seller) sold at over 100 to 200% markup. Ex. luggage wholesale cost 60. Sells at 165.00. Belt buckles markup over 250%, school bags over 150% m/u. Many items marked up over 3006. Toys m/u over 100%, Women's jewelry over 200%. Store averages less than $400.00 daily. Directly in front of store is bus stop. Buses stop every 5 minutes from Newark along with local transit buses. 20-25 people either waiting for or unloading during course of day. Weekends large walk by shopping traffic. Contact for more information on this Retail Specialty Shop for sale.
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