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Wine Liquor Retail Business For Sale

11/wk
Bergen County, New Jersey, United States
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Asking Price$125,000
Revenue$175,000 Established1985
Cash FlowUndisclosed Employees1 full-time
FF&EUndisclosed FranchiseNo
Inventory$2,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Solid business opportunity to own this operating retail wine & liquor business in an affluent area of Bergen County, New Jersey and the price has been based on the value of the liquor license & assets. This was a high end wine shop and requires an influx of improved products which will substantially increase the gross income to the owner operator. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Due to the state issued liquor license, this industry will require government agency approval to purchase. This opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular industry. This retail facility which consist of 1,425 square feet has a clean attractive appearance. The business located on a commercial avenue with various other successful businesses. This particular business has one-part time employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $450. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $1,500 and rent security $3,000. The business facility which consists of 1,425 square feet has a capacity for approximately fifteen customers. The business assets have an estimated value of $150,000 which is based on the liquor license and assets. The sale consists of a fully equipped commercial retail store, which includes 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. The facility has appropriate municipal parking nearby to the business facility. The company is active seven days per week, with hours from 4:00 pm to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. The owners are an absentee partnership and cannot maintain the business. The business should function as a exclusive wine shop, it presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income. Due to the unavailability of an additional retail distribution liquor licenses, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser. The company’s 2015 yearly gross income is $175,000 and the business has a modest net yearly income. The business has been valued at $125,000 based on the value of the specific assets, liquor license which includes the value of the specific business assets and seller / bank financing is available 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 does Not represent this particular business opportunity.
Facilities:This opportunity is located in Northern New Jersey, Bergen County, which consists of various affluent communities with continued demand for this particular industry. This retail facility which consist of 1,425 square feet has a clean attractive appearance. The business located on a commercial avenue with various other successful businesses.
Competition:Due to the unavailability of an additional retail distribution liquor licenses, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth Potential:The business should function as a exclusive wine shop, it presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.
Training/Support:The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.
Seller Financing:Seller financing available to qualified buyers.
Sale Reason:Absentee Partnership.
Ad #87517
Seller Reference #LQST314
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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