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

Email

Phone

Comment


Retail Liquor Business
(Food & Beverage , Liquor Stores)
Hudson County , NJ
Listed Price: $ 450,000
Listing ID: LQST396

Listing DetailsGross Revenue: $ 650,000
Cash Flow: $ 133,000
FFE: $ 250,000 (Included in Price)
Reason for Sale:

The owner is relocating out of the area and retiring.


Training & Support:

The owner seller is presently absentee and will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1994
Days & Hours of Operation: Mon.-Sun. 12pm-9pm
Non-owner Payroll: $ 4,250
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 4,500
Square Footage: 1200
Facilities:


This well-known liquor business is located in Northern New Jersey, Hudson County, which consists of a very highly populated community with substantial and continued demand for this product. This successful retail facility consists of approximately 1,200 square feet, with a full basement, and has an attractive appearance. The business is located on a highly active commercial mall with various other retail businesses.


SummaryBusiness Description:

Recently available for sale, this sixty-year-old profitable retail liquor business, with an option to purchase the property, located in an urban city of Northern New Jersey, Hudson County. As per the owner, the company will evidence a gross income of approximately $650,000 and a net income of $133,000 and a consistent net income to the owner operator prior to debt service. This is a dependable safe business opportunity. This retail liquor business consist of one full and one part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,250. The business transaction has an assignable commercial lease which expires 2029, plus additional options available, with a monthly rent of $4,500, cost per square foot is estimated at $38 which includes the basement and rent security of approximately $5,000. This successful liquor business operation is active seven days per week, with hours from 12:00 am to 9:00 pm. The business has been valued / priced at $450,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating.


Competition:

To the best of our knowledge, due to various circumstances, 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 can be further expanded by the new operator, based on an onsite owner operator. The business has limited hours, presently has a limited marketing plan, no local advertising, no web site and if improved can further develop the business yearly sales.


Financing/Terms:

Available to qualified buyers.