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Asking Price$385,000
Revenue$500,000 Established1996
Cash Flow$115,000 Employees1 full-time
FF&E$185,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Recently available profitable retail liquor business located in an affluent community of Bergen County, Northern New Jersey. The business has an average gross yearly income of $500,000 and a consistent net yearly income. The business has existed for sixty years and the present owner is retiring after twenty-two (22) years of ownership. The company has a substantial mark up with gross sales, and has, income from Lotto, ATM, NYC commuter bus tickets and rips. For Qualifications purposes, this industry requires government licensing approval to purchase or operate due to the NJ state issued distribution liquor license. This company routinely has one-part time employee who is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $1,380. The business has an assignable commercial lease which expires 2022-01-01, plus two additional five-year options, with a monthly rent of $2,075, cost per square foot is estimated at $18.35 and rent security of approximately $4,000. The business fixed assets has an estimated value of approximately $185,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail liquor business, which includes, NJ distribution liquor license, required licenses, web site, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This successful retail liquor business operation is active seven days per week, with hours from 9:00 am to 9:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $385,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This business opportunity is in Northern New Jersey, Bergen County, minutes from various state highways. The general area is safe and consists of various affluent and highly populated communities with continued demand for this industry This retail facility consists of approximately 1,800, square feet with an attractive appearance. The business is on an active commercial avenue with numerous successful businesses which include CVS Pharmacy and many other active company’s. The facility also has a full basement for additional storage.
Competition:Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a no marketing plan, no local advertising, or web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:The business presently has a no marketing plan, no local advertising, or web site and if improved ca
Sale Reason:The sale is due to the owner’s retirement after many successful years.
Ad #104237
Seller Reference #LQST373
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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