Download PDF
Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Retail Liquor Wine Shop
(Food & Beverage , Liquor Stores)
Bergen County , NJ
Listed Price: $ 995,000
Listing ID: LQST390

Listing DetailsGross Revenue: $ 1,000,000
Cash Flow: $ 175,000
FFE: $ 440,000 (Included in Price)
Inventory: $ 400,000
Reason for Sale:

The sale is due to partnership separation


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 2017
Days & Hours of Operation: Mon.-Sun. 10am-10pm
Non-owner Payroll: $ 4,150
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 20000
Monthly Rent: $ 9,941
Square Footage: 4772
Facilities:

This two-year young retail liquor business opportunity is located in Northern New Jersey, Bergen County, which consists of various highly populated affluent communities with continued demand for this industry. This shop is located in a newly built residential community with hundreds of new younger tenants. The area is also adjacent to the New York Train line which attracts a huge number of residents. This ultra-modern and successful retail facility consist of approximately 4,772 square feet with an attractive appearance. The liquor wine company is in a mid-size commercial & residential mall with various other active and successful businesses.


SummaryBusiness Description:

Ultra-modern, upscale retail liquor & wine shop located in a new urban community of Bergen County, New Jersey. The general area has recently built hundreds of new modern residential units that service professional singles and young couples. With a huge selection of wines and liquors their customers explore their extensive worldwide selection of wines. They carry a broad selection of spirits from around the globe as well as all of the necessary accessories to satisfy their large variety of customers. Their selection of Seasonal and IPA Beers are extensive, and they carry a variety of premium cigars. Located in the heart of Bergen County, New Jersey this modern business is a service-oriented wine shop specializing in artisan producers with an emphasis on organic and bio-dynamic vineyards. The business is located in an active affluent community and walking distance to an active train station. The shop that has been designed in a rustic-modern style, which features strong value on a wide variety of fine wines with a substantial profit margin. The business transaction has an assignable commercial lease which expires 2027, plus additional options available, with a monthly rent of $9,941, cost per square foot is estimated at $25 and rent security of approximately $20,000. Regarding employees and payroll, this retail liquor shop consist of three full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,150. The wonderful business operation is active seven days per week, with hours from 10:00 am to 10:00 pm. The 2018 yearly gross income represented by the seller owner is $1,000,000 and the business has a yearly net income of approximately $175,000 based on an onsite owner operator and prior to any debt service. The 2019 company’s gross income is expected to be $1,300,000 with an improved net yearly profit. The business has been valued / priced based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing may be available 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. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:


Regarding competition, to the best of our knowledge, 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 opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:


Seller financing is available to a qualified buyer.