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Joe Chiarello
Murphy Business & Financial Corporation
Serving Burlington County, NJ
Since 1994, Murphy has specialized in brokering privately owned business ranging in value from $20,000 to $20 million. We have of over 250 licensed professionals in the United States & Canada. Experience North America’s premier business brokerage at the highest level. Murphy has positioned itself on many quality websites that feature business sales and merger acquisitions opportunities. Murphy’s internet presence and computerized systems provide access to thousands of financially qualified buyers throughout the U.S. and internationally. Murphy provides each of its owner-clients with a comprehensive Marketing Action Plan that is designed to sell the business for top market value.
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Somerset County, NJ
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Essex County, NJ
| Market Overview | Listings for Sale (Median) | Total New Jersey Market (Average) |
|---|---|---|
| Number of Businesses Analyzed | 8 | 181 |
| Asking Price | $355,000 | - |
| Reported Revenue | $421,000 | $1,337,913 |
| Reported Seller's Discretionary Earnings | $118,000 | $71,590 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $115,000 | $355,000 | $1,050,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Smoke Shops for sale in New Jersey.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $280,500 | $63,750 |
| Median | $421,000 | $118,000 |
| Upper Quartile | $1,515,059 | $331,562 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Smoke Shops listed for sale in New Jersey.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.42 | 1.92 |
| Median | 0.66 | 2.63 |
| Upper Quartile | 0.87 | 3.39 |
FAQ's
How much does it cost to buy a Smoke Shop in New Jersey?
The median asking price for an established Smoke Shop in New Jersey is $355,000, though prices range from under $115,000 to well over $1,050,000.
How much do Smoke Shops owners in New Jersey earn?
The median reported revenue of Smoke Shops in New Jersey is $421,000 and owners earn a median of $118,000, which includes the owners salary and any other financial benefits they receive.
How do I value a Smoke Shop?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Smoke Shops in New Jersey, revenue multiples range from 0.42 to 0.87, with a median of 0.66. Earning multiples range from 1.92 to 3.39, with the median at 2.63. This means the typical Smoke Shop in New Jersey may ask for around 0.66 times its annual revenue, and 2.63 times its annual owner earnings.
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