Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Beer Distributor
(Food & Beverage , Liquor Stores)
Northampton County, PA
Listing ID: LQST393

Listing DetailsGross Revenue: $ 1,258,000
Cash Flow: $ 193,000
Reason for Sale:

The owner is retiring after many years of success in this industry.


Training & Support:

The owner will remain post-closing for thirty days to supply an appropriate transitional period to the new operator.


OperationsYear Established: 1989
Days & Hours of Operation: Mon.-Sun. 10am-8pm
Non-owner Payroll: $ 6,500
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 3900
Facilities:


This retail facility consists of 3,900 square feet and located on an active commercial avenue close to various highways in the County of Northampton. The company has an excellent reputation for dependable professional service. The business consists of a free-standing building near to various other active and successful businesses. This opportunity is in an area that consists of various communities with continued demand for this product.


SummaryBusiness Description:

Highly successful retail beer distributor which includes the liquor license and all the valuable assets. The business has a 2018 gross income of $1,258,000 and a consistent net yearly income of $193,000 prior to debt service. Over the past forty years, this Beer Distributor has strived to become the premier full-service beverage company in their area. They provide their customers with a diverse portfolio of profitable products and it is this commitment to customer service that has enabled them to remain one of the best-established and most respected retail companies. This business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,500. The present owner will negotiate a new lease agreement with the seller which is to include the property taxes of approximately $6,000. The business is active seven days per week, with hours from 10:00 am to 8:00 pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.


Competition:


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


Potential Growth:

The Company presently has a limited marketing plan and no web site, if improved can further develop the business bottom line net income. Also, in January of 2017 the state passed a law that allows this company to offer 6-pks, singles and growlers.


Financing/Terms:


Seller financing is available to qualified buyers.