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Asking Price$450,000
Revenue$750,000 Established1960
Cash Flow$100,000 Employees2 full-time
FF&E$70,000* FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retirement for this Lunch business with liquor license. Although No liquor is presently sold, the business can be converted to a profitable liquor retail business with property, located on an active county road in Sussex County, NJ. The aggressive price represents the value of the property and valuable Retail distribution liquor license. The facility has a seventy-five-foot highway frontage, on 2.45 acres with substantial private parking with front and rear access and is pre-approved for lotto. No other distribution liquor licenses exist in this city and no other new liquor store completers are possible. The facility consists of 1,400 square feet and a full storage basement approximately 1,000 square feet. Due to the size of the property the facility is pre-approved for substantial expansion to a minimum of 2,500 square feet. The business has been active for the past fifty years as a Deli & Liquor store and presently requires remodeling to eliminate the deli and expand the retail liquor sales. Based on location and the size of the facility and the available expansion the business is expected to produce a yearly income of approximately $750,000 and a consistent yearly net income. The sale includes a NJ State distribution liquor license to conduct business, walk in refrigeration units, shelving, displays and the required equipment necessary to maintain the daily operation of this business. This retail liquor store business will require two employees along with the owner and the monthly payroll is expected to be approximately $2,150. Not applicable, sale of property in included in this transaction. The facility has substantial private parking on site and part of the sale agreement. The business is expected to be operational 7 days per week, with standard retail hours. The sale includes a valuable NJ State distribution liquor license. Based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator. The Projected gross yearly income is $750,000, minimum yearly net income of $100,000. The property has an appraisal value of $345,000 and the distribution liquor license has an estimated value of approximately $125,000 and total price $450,000. Do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:The business is located in Sussex County, New Jersey on an active county road with a large volume of drive by traffic. The business is near to Route 46 & Route 80 and is conveniently located near various municipalities. The site is on 2.45 acres, the facility consists of 1,400 square feet with a rectangular shape, a front and rear entrance and substantial private parking. The facility should be expanded in order to maximize its growth potential.
Competition:Because there are no other distribution liquor licenses in the city, no other completions will become available to this business, additionally the owner will supply a long term non compete agreement to the purchaser.
Growth Potential:This business requires remolding so as to alter the facility to a modern liquor retail store.
Training/Support:The owner will remain after closing and supply an appropriate transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many years of success in this retail industry.
Ad #86448
Seller Reference #LQST307
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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