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Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840
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| BUSINESS PROFILE |
| Retailer of Cheerleading, Gymnastics and Dance Outfitter |
Location: Monmouth County
Years Established: 18 Years
Under Present Owner: 18 Years
Gross Sales: $376,175 (2009)
Cash Flow: $ 42,709 (2009)
Inventory: $140,000
FF&E: $ 8,000
Number of Employees: 5
Rent: $ 2,200/month
Lease Expiration: 12/31/2010
Asking Price: $ 98,000
Reason for Selling: Owner would like to retire
This business specializes in outfitting young girls and women of all ages for dance performances. From the tip of their toes to the top of their heads they will customize and fit for all sizes. Even though dance outfitting is the major part of the business; customizing and fitting is available for cheerleaders and gymnasts too, either on site or in the store. The owner has contacts with local coaches whose teams are outfitted by the owner. Through the years the owner has also made deals with the top suppliers. Introductions to both the coaches and suppliers will be made to the buyer by the owner.
The store is located in a strip mall with ample parking. The occupancy costs are very low, running under 6% annual sales. The store occupies 1,150 sq. ft. of space. The surrounding area is populated with middle to upper income levels.
The sale of this business includes their web site. The right buyer with knowledge of maintaining and using the website could improve the sales and profits. This could vastly improve profits with little additional costs.
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