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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Liquor Business
(Food & Beverage , Liquor Stores)
Sussex County , NJ
Listed Price: $ 389,000
Listing ID: LQST376

Listing DetailsGross Revenue: $ 698,000
Cash Flow: $ 142,870
FFE: $ 220,000 (Included in Price)
Inventory: $ 90,000
Reason for Sale:

The seller is presently absentee.


Training & Support:

The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2011
Days & Hours of Operation: Mon.-Sun. 10am-9:30pm
Non-owner Payroll: $ 1,300
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6782
Monthly Rent: $ 6,782
Square Footage: 1975
Facilities:

This retail facility which consist of 1,975 square feet is located in a mid-size commercial mall with various other active and successful businesses. This business opportunity is located in Northern New Jersey, Sussex County on an active county road and in a highly successful commercial mall. The general area consists of various highly populated communities with continued demand for this particular food product.


SummaryBusiness Description:

Owner financing available for this excellent opportunity to own this successful Retail Liquor Business in Northern New Jersey, in the County of Sussex and minutes from Route 80. The business will evidence a 2016 gross yearly income of $698,000 and a consistent minimum net yearly income of $142,870. The sale includes a valuable liquor license with an estimated value of $175,000. The business also offers the opportunity to supply liquor consumption service due to the type of NJ state issued liquor license. Although presently no consumption is offered, this additional service can substantially increase the gross and net yearly sales with wine tasting and general consumption. The yearly gross sales consist of 45% wine, 40% beer and 15 percent liquor. The business also has a state issued Lottery license which supplies additional cash flow. This liquor retail business in addition to the owner operator will require two-part time employees who are presently unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $1,300. The business has an assignable commercial lease which expires 2019-01-01 plus additional options, with a monthly rent of $6,782, approximately $41.93 per square foot and rent security $6,782. The business assets have an estimated value of $220,000 which is based on replacement costs and the sale consists of a fully equipped commercial retail liquor business. The business is active seven days per week, with hours from 10:00 am to 9:30 pm. The sale includes a state issued liquor license, certificate of occupancy from the particular municipality, NJ state Lottery and the required state or city licenses to conduct its day to day business. The business has been valued at $389,000 based on a multiple of three times 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. This is a dependable twenty-five-year-old business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a continued investment return to the owner operator prior to debt service. 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.


Competition:

To the best of our knowledge and due to limited liquor licenses, no other new competitors are expected near to this business and the owner has agreed to supply a satisfactory non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no Lotto, poor web site, can offer liquor tasting and consumption and if adjusted can further develop the business cash flow to an operator.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.