Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Wine, Liquor & Lotto
(Food & Beverage , Liquor Stores)
Bergen County , NJ
Listed Price: $ 375,000
Listing ID: LQST394

Listing DetailsGross Revenue: $ 790,000
Cash Flow: $ 74,992
FFE: $ 350,000 (Included in Price)
Reason for Sale:

The present owner is semi absentee.


Training & Support:

A training period will be supplied, and the owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2013
Days & Hours of Operation: Mon.-Fri. 11am-10pm
Non-owner Payroll: $ 1,950
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 19500
Monthly Rent: $ 7,000
Square Footage: 1995
Facilities:


The business is located in a highly populated urban city with a huge volume of businesses that attract daily shoppers and workers. The business is located in Northern New Jersey, Bergen County, near the George Washington Bridge. This retail facility which consist of 1,995 square feet has a clean modern professional appearance. The business is also located on an active commercial avenue with various other successful businesses.


SummaryBusiness Description:

Wonderful business opportunity for this wine, liquor & lotto business priced to sell and located in Northern New Jersey, Bergen County and minutes from the George Washington Bridge. The business produces gross yearly sales of approximately $15,000 weekly and a consistent net yearly income to the owner operator. This profitable two thousand square foot facility is conveniently located on an active county road with appropriate parking. This business has two-part time employee who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,950. The business has an assignable commercial lease which expires September 30, 2028 plus additional options, with a monthly rent of $7,000, cost per square foot is $42.00 and rent security $19,500. The business is active seven days per week, with hours from 11:00 am to 10:00 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 and has substantial growth potential. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings 


Competition:

Due to the valuable and unavailable liquor license and to the best of our knowledge, 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 business requires on site management, presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.


Financing/Terms:


Available to qualified buyers.