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Asking Price$1,050,000
Revenue$825,000 Established1980
Cash Flow$100,000 Employees10 full-time
FF&E$275,000* FranchiseNo
Inventory$35,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Liquor Store and Restaurant with real estate and owner financing. The seller is retiring after thirty-five successful years in this industry and the business is located in Passaic County Northern NJ. This sale consists of a one-acre site and has eight commercial office rentals with private entrances with a consistent additional income to the owner and the real estate has a value of $840,000. The businesses are fully separate with private entrances and produce an average gross yearly income of $825,000. The business has had many years of high volume production and has a wonderful reputation in the various cities it serves. The building consists of approximately 8,000 square feet, 2,800 feet for each floor, which includes a huge basement consisting of a private party room with a capacity for 65 customers, full bar and a huge storage area. The business also has an outdoor patio, multiple entrances and a private parking area. The seller is retiring and will supply a full transitional period post closing to the new owner and finance the sale to a qualified buyer. Based on the asking price, required down payment and net income this business should supply a consistent investment return to the owner operator prior to debt service. This most unusual business opportunity is located in Northern NJ, in an active community and commercial area of Passaic County, NJ on an active county access road. This general area has various businesses in the vicinity which attract numerous daily workers & shoppers. The area is also adjacent to a large popular lake which brings additional customers in the summer months. The facility which has been upgraded is clean, modern with an attractive image consisting of three floors, 7,500 square feet with a large private parking area. The facility is well maintained with an attractive modern image. The owners are retiring after many successful years in the particular industry. Both businesses are fully equipped with up to date equipment including, multiple walk in refrigeration units, commercial kitchen, numerous displays, counters, POS computer, liquor license and all required equipment to maintain both businesses.The businesses have a legal capacity of 175 customers which does not include the basement or second floor rental units.The facility has appropriate private parking at the facility included in the sale transaction.The both businesses are active seven days per week, hours from 11:00 am to 2:00 am. The business has a valuable Liquor license which permits the sale of retail liquor and a food handler’s license to serve food to the general public.The facility has a newer septic system, municipal water, gas, electric, telephone. The business has a staff of ten employees who are unaware of the pending sale and Fully expected to remain post closing, monthly payroll is approximately $7.900. With on site management & an improved marketing plans the business can be developed. The seller will supply a full transitional period, post closing to the new operator. Due to the limited liquor licenses, no other newly built liquor stores are expected in this immediate area and no other competitor pub restaurants compete with this business. The business has an average gross yearly sales of $825,000, yearly net income of $100,000.00 plus office rental income, prior to debt service. This business opportunity, liquor license and property has been valued at $1,050,000 based on a multiple of the net yearly income, the real estate and asset value, and some owner financing is available to qualified buyers. This sale is confidential and all viewings are by appointment only, photo may not represent the particular business.The industry requires state approval to transfer the liquor license.
Facilities:This most unusual business opportunity is located in Northern NJ, in an active community and commercial area of Passaic County, NJ on an active county access road. This general area has various businesses in the vicinity which attract numerous daily workers & shoppers. The area is also adjacent to a large popular lake which brings additional customers in the summer months. The facility which has been upgraded is clean, modern with an attractive image consisting of three floors, 7,500 square feet with a large private parking area. The facility is well maintained with an attractive modern image.
Competition:Due to the limited liquor licenses, no other newly built liquor stores are expected in this immediate area and no other competitor pub restaurants compete with this business.
Growth Potential:With on site management & an improved marketing plans the business can be developed.
Training/Support:The seller will supply a full transitional period, post closing to the new operator.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:Sellers are retiring after thirty five years.
Ad #87898
Seller Reference #LQST315
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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