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

Email

Phone

Comment


Retail Liquor Summit NJ
(Food & Beverage , Liquor Stores)
Union County, NJ
Listed Price: $ 375,000
Listing ID: LQST397

Listing DetailsGross Revenue: $ 410,000
FFE: $ 380,000 (Included in Price)
Reason for Sale:

The purpose of this business transaction is due to the partnership separation.


Training & Support:

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


OperationsYear Established: 2012
Employees: 1
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 6,681
Square Footage: 1526
Facilities:

This retail facility which consist of approximately 1,526, square feet have been recently upgraded with an attractive appearance multiple entrances and no basement. The upgrades include New lighting system and an upgraded interior. The business is located in an active commercial mall with many other businesses on a convenient county road. This opportunity is in Northern New Jersey, Union County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:
Modern retail wine & liquor shop, that must be seen to fully appreciate. This successful business opportunity represents an attractive retail liquor business in an active and safe community of Union County, New Jersey. The business has 2018 gross sales of $410,000, plus seller discretionary income, Lotto Net yearly income of approximately $20,000. The 2019 gross income can be further increased with an investment in inventory. This retail liquor company consist of one full time employee who is unaware of the pending sale. The payroll is based on an hourly basis scale, as a weekly base salary, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $2,200. The business transaction will offer an assignable commercial lease which expires 2023, plus additional options available, with a monthly rent of $6,681 all in, cost per square foot is estimated at $50.54 and rent security of approximately $10,000. The business opportunity has been valued / priced at $375,000 which is based on the seller’s representation of the gross income and the value of the liquor license and assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity as an asset transaction. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 


Competition:

To the best of our knowledge, due to limited liquor licenses, 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 opportunity can be further expanded by improving the existing marketing plan, wine tasting and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:


Can be available to a qualified buyer.