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Asking Price$425,000
Revenue$1,130,000 Established1970
Cash Flow$120,000 Employees3 full-time
FF&E$170,000* FranchiseNo
Inventory$85,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This is an excellent opportunity to own a successful retail liquor store w a Pub Restaurant in an active commercial mall of Passaic County, New Jersey, with various other businesses that attract a large volume of daily shoppers and workers. The high volume liquor store has yearly gross sales of $1,130,000 and a yearly net income of $160,000 to the owner operator. The gross income represents $850,000 from the liquor store and $260,000 from the bar. Additional incomes are derived from rips payments, amusement, Lotto, ATM and cigarettes. The business has a commercial kitchen which is presently not in use and if maintained can substantially improve the bottom line income. The sale includes a long term commercial lease at fair rental value. This sale opportunity is due to the owner illness and absenteeism. The sale will supply a substantial income return to the new owner. The sale includes a valuable liquor license, various refrigeration units, ice maker, POS system, a commercial kitchen, full bar including various equipment required for this particular retail food industry. The building has a legal capacity for 94 customers 2,900 sq. ft., one floor with no basement. This retail business requires three employees with an approximate monthly payroll of $4,800, presently unaware of the pending sale and expected to remain post-closing. This business location has substantial private mall parking on the site as part of the commercial lease agreement. The business is operational seven days weekly with hours from 10:00 am to 2:00 am. The business has a New Jersey State issued liquor license and Lotto approval to conduct this business. The business has an assignable 10-year commercial lease with a monthly rent of $8,800. Based on the asking price, required down payment and net income this business is expected to supply a 25% return to the owner operator prior to debt service. The business gross yearly income is $1,130,000 and a yearly net income of $120,000.00. The business has been valued at $425,000 plus inventory based on the multiple of the net yearly income and the asset value. This business transaction is confidential and all viewings are by appointment only, also photo may not represent this particular business.
Facilities:This retail facility consists of 2,900 square feet and located in large active commercial mall with various businesses that attract a large volume of shoppers. The facility has two sections entrances, one section is a 1,500 square foot retail liquor store and the other is a 1,400 square foot bar with a seating for thirty-five customers. The facility has a large commercial kitchen which is not presently in use. This business is located in a commercial mall of Passaic County, New Jersey on an active county road with lots of drive by traffic. This retail liquor store has an excellent location and services numerous communities.
Competition:The seller has agreed to supply a substantial non-compete agreement to the new operator. This general area has limited competitors due to the state licensing requirements.
Growth Potential:With onsite ownership and reopening the kitchen this retail business can be further improved with an improved net profit to the owner operator.
Training/Support:The seller will remain after closing and supply a long term transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The sale is due to illness after many years of success in this retail industry.
Ad #80571
Seller Reference #LQST300
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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