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Listing ID: 1636948 Listing Ref: SVS240

Market Research Company For Sale

New York, United States

not disclosed

(Furniture / Fixtures included)

Revenue: $ 1,805,478

Cash Flow: $ 5,000

Business Description

Highly successful Market Research Company with a gross yearly income of $1,805,478 and a 2014 net yearly income of $232,956. The company is located in the New York, New Jersey metropolitan area and services National fortune 500 companies throughout the county. This is an exceptional opportunity to own a top-notch business that enables you the chance to be creative, as well as challenged since every project is unique. This long standing business is relied on by many fortune 500 companies as an extension of their product development as they work within their yearly budgets partnering with this company.

As one of the premier consumer private research company, they also offer the best quality kitchen facilities on the east coast. This opportunity boasts long, lasting relationships with both the local community as well as many of the top food, beverage, and fragrance manufacturers. Established over 25 years ago, the purchaser will have the opportunity to grow with the industry and be an integral part of the reasons why products make the grocery shelves. This industry projects a 12% increase in customer demand for the next ten years. Market research is an indispensable tool for businesses, non-profits, and other organizations to gain information that can help with developing and improving products, better understanding customer sentiment, gaining insights into new and current target markets, analyzing trends and the competition, and much more.

As a full service research company, they can conduct market research surveys by virtually any method, including in house service, live telephone, automated telephone, web/online, direct mail, or personal canvassing. Market research helps companies to successfully focus on their current and future customers by understanding their views on their products and services. The data analysis from market research supplies a clear picture of what their customers want, allowing a competitive edge in their industry.

This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business fully expect to supply a consistent and substantial investment return to the owner operator prior to debt service. The Company has 25 full time employees with specific job responsibilities including numerous part time / subcontractors who supply the particular research. The employees are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $25,500.

This business opportunity offers an assignable commercial lease which expires 2019-01-01, plus options, with a monthly rent of $11,434 and rent security $30,000. The Company which resides in a commercial complex, consists of 8,250 square feet has a work capacity for approximately eighty five staff members and visitors. This business offering includes various equipment to conduct its day to day business, in addition to a fully equipped commercial kitchen, displays, shelving, tables, computers, software, internal business materials, etc. and a list of assets will be supplied to purchaser upon request.

The facility has appropriate private mall parking on site as part of the commercial lease. The business is active five days per week, with hours from 9:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality and any required state licenses to conduct its day to day business. The owner will remain post-closing for a 75 days in order to supply an appropriate transitional period to the new operator. Also if required the seller will remain under contract for one year at a fair payment cost to the purchaser. The owner is transitioning into an alternative business opportunity.

The business presently has a basic non aggressive marketing plan which if improved can further develop the business bottom line net income. To the best of our knowledge due to the type of industry, no other competitors are expected to effect this company and the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The 2014 yearly gross income is $1,805,478 and the business has a yearly net income of $232,956, based on an owner operator and prior to debt service.

The business has been valued based on a multiple of the net yearly income and the value of the specific business assets, also seller / bank financing has been preliminary approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

Property Details

Years Established:

1990

FF&E:

$ 375,000

Inventory Value:

$ 5,000

Other Details

Business Location:

The Company which resides in a commercial complex, consists of 8,250 square feet has a work capacity for approximately eighty five staff members and visitors. This business offering includes various equipment to conduct its day to day business, in addition to a fully equipped commercial kitchen, displays, shelving, tables, computers, software, internal business materials, etc. and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active five days per week, with hours from 9:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality and any required state licenses to conduct its day to day business.

Competition:

To the best of our knowledge due to the type of industry, no other competitors are expected to effect this company and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Expansion Potential:

The business presently has a basic non aggressive marketing plan which if improved can further develop the business bottom line net income.

Operation Details

Employees:

25

Support & Training:

The owner will remain post-closing for a 75 days in order to supply an appropriate transitional period to the new operator. Also if required the seller will remain under contract for one year at a fair payment cost to the purchaser.

Miscellaneous

Financing Available:

Yes
Seller financing is available to qualified buyers.

Reason For Selling:

The owner is transitioning into an alternative business opportunity.

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