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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Liquor & C-Store Nets $190k
(Food & Beverage , Liquor Stores)
Essex County , NJ
Listed Price: $ 750,000
Listing ID: LQST379

Listing DetailsGross Revenue: $ 1,194,299
Cash Flow: $ 194,293
FFE: $ 360,000 (Included in Price)
Inventory: $ 250,000
Reason for Sale:

Owner is relocating out of the state of New Jersey.


Training & Support:

If required the owner will remain after-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2015
Days & Hours of Operation: Mon.-Sun. 5am-10pm
Non-owner Payroll: $ 7,750
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12000
Monthly Rent: $ 7,200
Square Footage: 2000
Facilities:

This successful retail facility which consist of approximately 2,000, square feet have been recently upgraded with a clean modern appearance. The upgrades include New Central air & heat system and an upgraded interior. The business consists of a free-standing retail facility on a highly active commercial county road. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Solid business opportunity to own a high-volume ultra-modern retail liquor & convenience business in an active and safe community of Essex County New Jersey. The business has 2017 gross sales of $1,194,299 and a net yearly income of $194,293. The 2018 gross income is projected to be increased with a net yearly income of $220,000. This twenty-year-old retail business has been fully upgraded and modernized with a new desire and equipment. The business will evidence income from Lotto, ATM and other of $155,741. For Qualifications purposes, this business opportunity, industry requires state government licensing approval to purchase or operate due to the distribution liquor license in addition to the standard municipal licenses. Regarding employees and payroll, this liquor and retail company has a staff of four full / part time employees who are unaware of the pending sale. The payroll is specifically based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $7,750. The business transaction has an assignable commercial lease which expires 2030-01-01, plus additional options available, with a Gross monthly rent of $7,200, cost per square foot is estimated at $42.20 and rent security of approximately $12,000. The business assets has an estimated value of approximately $360,000 which is specifically based on the original equipment and licensing replacement cost. This successful liquor and retail business operation is active seven days per week, with hours from 5:00 am to 10:00 pm.The business has been valued / priced at $750,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.


Competition:

Regarding competition, to the best of our knowledge, due to the limited distribution liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

Regarding competition, to the best of our knowledge, due to the limited distribution liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Financing/Terms:

Seller financing is available to a qualified buyer