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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Liquor Store with Property
(Food & Beverage , Liquor Stores)
Union County , NJ
Listed Price: $ 525,000
Listing ID: LQST380

Listing DetailsGross Revenue: $ 322,101
Cash Flow: $ 86,000
FFE: $ 235,000 (Included in Price)
Inventory: $ 45,000
Reason for Sale:

The sale is due to the owners’ relocation out of the general area.


Training & Support:

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


OperationsYear Established: 1995
Days & Hours of Operation: MOn.-Sun. 4pm-10pm
Non-owner Payroll: $ 2,300
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 1275
Facilities:

This retail liquor business in located in active urban city, Northern New Jersey, in the County of Union. The facility is conveniently located on a county road with lots of drive by vehicles. The business facility which consist of 1,275 square feet has is designed for customer convenience and quick service.


SummaryBusiness Description:

Excellent business opportunity for this retail liquor business which includes the property, liquor license and all assets. The business has a gross yearly income of $322,101, plus undisclosed income, and a net yearly income of $86,000. This forty-year-old business has a consistent yearly income which can be further developed with an onsite owner operator. Due to the NJ state issued liquor license this transaction requires government licensing approval to purchase. This company has two-part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $2,300. The business fixed assets has an estimated value of approximately $235,000 which is based on equipment and licensing replacement cost. This successful retail liquor business operation is active seven days per week, with hours from 4pm to 10pm. The sale which includes the real estate and distribution liquor license has been valued at $525,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 substantial investment return to the owner operator prior to debt service. Based on a 25-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after 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:

Competitors presently exist in the area, however due to limited 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:

The business presently has a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.