Turnkey Electronics Store in Prime Newark Location
Business Description
Located on busy Ferry Street in the heart of Newark’s Ironbound, U-Tech Electronics is a fully operational electronics retail and repair shop with strong brand presence, loyal customer base, and proven performance.
Sale includes:
• Lease at high-traffic location
• Inventory & equipment
• Established brand & online presence
This is a perfect opportunity for someone ready to walk into a running business and grow it further.
Sale includes:
• Lease at high-traffic location
• Inventory & equipment
• Established brand & online presence
This is a perfect opportunity for someone ready to walk into a running business and grow it further.
About the Business
- Years in Operation
- 11
- Number of Employees
- 3
- Facilities & Assets
- The business operates from a well-located storefront on Ferry Street in the Ironbound section of Newark, a high-traffic commercial corridor with excellent foot and vehicle visibility. The sale includes the lease, fully operational equipment, retail and repair inventory, brand rights, and POS system — making it a true turnkey operation.
- Website
- https://www.utech.co
- Market Outlook / Competition
- U-Tech Electronics has built a strong presence over the years with a loyal local customer base and a growing online presence. The shop benefits from limited direct competition in the immediate area, particularly for electronics repair and accessories. Its location in a dense, diverse, and tech-savvy community provides consistent demand year-round.
- Opportunities for Growth
- There is significant opportunity to expand revenue through:
• Launching or growing e-commerce sales
• Adding new product lines (e.g., mobile accessories, smart home gadgets)
• Expanding into corporate device repair contracts
• Leveraging online marketing to increase service visibility
The business is fully set up to scale with minimal additional investment.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $5,250.00 per month
- Lease Expiration
- 6/1/2029
About the Sale
- Seller Motivation
- The owner is relocating due to responsibilities with another business and is no
- Transition Support
- The current owner is offering a 2-week transition period to train the buyer on all operational procedures, vendor relationships, and systems. Ongoing support beyond that may be negotiable to ensure a smooth and confident transition for the new owner.
Listing Info
- ID
- 2092935
- Listing Views
Listing ID: 2092935 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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