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Retail Liquor Business & Property

Middlesex County, New Jersey, United States
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Asking Price$1,250,000
RevenueUndisclosed Established2000
Cash FlowUndisclosed EmployeesUndisclosed
FF&E$350,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Solid new business opportunity to own a Retail liquor store with real estate located in an active community of Old Bridge, Middlesex County, New Jersey. The business is presently closed, however the previous businesses had substantial success with gross sales above $1,200,000 yearly. The facility consists of 7,000 square feet, multiple entrances, with parking for seventy-five vehicles. The business is located on a highly active county road with thousands of daily drive by vehicles. This industry requires New Jersey State government agency approval to own due to the transfer of the liquor license. In addition to the real estate sale, the facility can be leased with a new fifteen-year commercial lease which would expires 2032-01-01 plus additional options, with a monthly rent of $8,000 + R.E. taxes of $16,000, cost per square foot is approximately $24.20, and rent security $24,000. The business is located in a free stranding facility which consists of 7,000 square feet and has a capacity for approximately one hundred customers. The sale includes the property, a valuable consumption liquor license with a value of approximately $350,000 and the real estate with an assessed value of approximately $985,000. The facility has appropriate private parking on site as part of the transaction. The business is presently closed; however, business hours would consist of 10:00 am to 10:00 pm, seven days per week. The transaction includes a certificate of occupancy from the municipality, and liquor license, including the required state or city licenses to conduct its day to day business. The business is presently closed, and the sale represents a sale or lease of this business opportunity which includes the liquor license. It is our understanding the previous operation had a substantial and consistent yearly income return. The projected gross income should be substantial based on traffic drive by and limited competitors. This business opportunity has been valued / priced at $1,250,000 based on the asset value of the liquor license and real estate. This is a dependable business opportunity and based on the asking price, and potential yearly net income, this business expects to supply a dependable investment return to the owner operator prior to debt service. The business can also be lease subject to the tenant’s qualifications. Please call to arrange an appointment and photo may not represent this business.
Facilities:The facility consists of 7,000 square feet with one hundred & fifty foot of highway frontage on 1.3 acres. The business has a great highway exposure with an attractive image. This pending retail liquor business consists of a free-standing building and is conveniently located on an active county road. This business opportunity is in Old Bridge, Middlesex County New Jersey, which consists of various affluent communities with continued demand for this industry.
Competition:To the best of our knowledge due to the unavailable valuable liquor license, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business is presently closed and requires basic build out, and a marketing plan to develop a successful business operation.
Training/Support:Seller is the landlord and cannot assist.
Seller Financing:Financing is available to a qualified buyer with an appropriate down payment.
Sale Reason:The seller is the landlord and not involved in the industry.
Ad #101802
Seller Reference #LQST366
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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