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Asking Price$350,000
Revenue$589,000 Established2010
Cash Flow$65,000 Employees3 full-time
FF&EUndisclosed FranchiseNo
Inventory$375,000* RelocatableNo
Real Estate$225,000 Home-basedNo
* Included in Asking Price
Liquor Store / Lounge in an active commercial mall on a highly active state highway in Middlesex County, New Jersey. This retail business has a beautiful image and continues to develop and increases in gross sales. The business also has a lounge which serves liquor daily to 10:00 pm and produces an income of $1,000 daily. The business has a very valuable 32 Broad Class liquor license, which has an actual value of $350,000 and allows the business to sell retail products and serve products for consumption purposes. The additional advantage of this license is to offer wine tasting and to obtain a further income from consumption liquor service. Based on the asking price, required down payment and net income this business should supply an appropriate return to the owner operator prior to debt service. The business has been approved for Lotto representing an additional net income. This newer business has a gross income of $589,000 plus discretionary income and continues to develop its net income. The sale includes walk in refrigeration units, broad C liquor license, numerous displays, counters, shelving, POS computer system, full wet serving bar with all the accessories and equipment required to maintain the business. The building has a legal capacity for 112 customers, 3,000 sq ft, on one main floor. The business has substantial mall parking at the facility and part of the lease agreement. The business is active seven days weekly with hours from 10:00 am to 10:00 pm. The business has a valuable 32 Class Liquor License which allows the business to sell retail liquor products and to serve liquor to the general public which is highly useful with wine tasting events. The sale includes a fifteen-year lease term, expires April 30, 2025 with a gross rent of $6,400 monthly and rent security of $12,000. Owner financing is available to finance the sale with an appropriate down payment to a qualified buyer. This is a solid opportunity and should be seen to fully appreciate. The business has gross yearly sales of $589,000 plus discretionary income and a yearly net income of $65,000. The business has been valued at $350,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Facilities:Located in a modern commercial mall of Middlesex County, New Jersey on a very active six lane state highway with a large volume of daily traffic. This ultra-modern facility which is three years’ young consists of 3,000 square feet with a beautiful state of the art design and attractive image. The business consists of new, high valued equipment which will remain post closing. A section of the facility has an attractive lounge serving bar area with a seating capacity for twelve customers and substantial storage.
Competition:Due to the specialized liquor license, no other similar liquor store competitors exist in this particular area and seller will supply a non compete agreement to purchaser.
Growth Potential:This business is five years young and requires improved on site management to further develop; also by instituting an effective marketing plan further income is possible.
Training/Support:The seller will supply a full training period and remain post closing for 30 days.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is semi absentee, and has elected to retired.
Ad #87252
Seller Reference #LQST311
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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