Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Liquor Shop & Lotto
(Food & Beverage , Liquor Stores)
Union County, NJ
Listing ID: LQST398

Listing DetailsGross Revenue: $ 1,528,910
Cash Flow: $ 110,995
FFE: $ 375,000 (Included in Price)
Reason for Sale:

The purpose of the sale is the owner decision to retire from this industry.


Training & Support:

The owner will remain post-closing for 30 days in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 1997
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 28000
Monthly Rent: $ 8,122
Square Footage: 5100
Facilities:


This retail facility consist of approximately 5,100 square feet has an attractive clean modern appearance with a wonderful convenient location. The business is located on a state highway, US Route 1 in a highly active commercial mall with various other successful national franchise businesses. This opportunity is located in Northern New Jersey, Union County, which consists of various highly populated communities with continued demand for this particular industry.


SummaryBusiness Description:

High volume and highly successful retail liquor business in a popular mall on an active state highway in Union County New Jersey. The business has a gross yearly income of $1,528,910 and a net yearly income of $110,995 based on an onsite owner operator. The business also has a lotto yearly net income of $28,000. The business has a valuable C type liquor license which additionally permits consumption and wine tasting income representing approximately $86,968 of the gross yearly income. This retail company has 3 part time and 3 full-time employees who are unaware of the pending sale and fully expected to remain post-closing. This transaction will include an assignable commercial lease which expires 2022 plus additional options, with a monthly rent of $8,121.99, rent per square foot is approximately $42.67 and rent security of approximately $28,000. This is a dependable business opportunity. 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, no new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site and if developed can further improve the business gross sales.


Financing/Terms:

May be considered to a qualified buyer with an appropriate down payment.