Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Liquor Business
(Food & Beverage , Liquor Stores)
Sussex County , NJ
Listed Price: $ 275,000
Listing ID: LQST395

Listing DetailsGross Revenue: $ 440,500
Cash Flow: $ 44,241
Reason for Sale:

The seller is presently semi absentee, with other employment.


Training & Support:

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


OperationsEmployees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3800
Monthly Rent: $ 3,700
Square Footage: 1675
Facilities:


This retail facility which consist of 1,675 square feet is located in a mid-size commercial mall with various other active and successful businesses. This business opportunity is located in Northern New Jersey, Sussex County on an active county road and in a highly successful commercial mall. The general area consists of various highly populated communities with continued demand for this particular food product.


SummaryBusiness Description:

Long standing and profitable retail liquor business located in Northern New Jersey in the county of Sussex. The business also offers the opportunity to supply liquor consumption services and liquor tasting due to the type of New Jersey state issued liquor license. The yearly gross sales consist of 45% wine, 40% beer and 15 % liquor. The business also has a state issued Lottery license which supplies additional cash flow. The business has an assignable commercial lease which expires 07/31/2021 plus additional options, with a monthly rent of $3,700, approximately $27.22 per square foot and rent security $3,800. The business is active seven days per week, with hours from 9:00 am to 11:00 pm. The 2017 yearly gross income is $440,500 and the business has a yearly net income of approximately $ 44,241 plus discretionary income representing a net approximately net income of $64,000 based on an owner operator and prior to debt service. Inventory is dollar for dollar estimated at approximately $80,000 and based on wholesale value. The business has been valued at $275,000 based on a multiple of three times the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable twenty-five-year-old business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a continued investment return to the owner operator prior to 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:

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


Potential Growth:

The business presently has a limited marketing plan, poor web site, can offer liquor tasting and if adjusted can further develop the business cash flow to an operator.


Financing/Terms:


Available to qualified buyers.