Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Retail Liquor Lotto & Bar
(Food & Beverage, Liquor Stores)
Bergen County , NJ
Listed Price: $ 525,000
Listing ID: LQST399

Listing DetailsGross Revenue: $ 500,000
Cash Flow: $ 150,000
FFE: $ 425,000 (Included in Price)
Inventory: $ 80,000
Reason for Sale:

Owner is retiring from this industry into an alternative industry.


Training & Support:

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


OperationsEmployees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4000
Monthly Rent: $ 4,050
Square Footage: 1745
Facilities:

The facility consists of approximately 1,745 square feet and has an attractive modern appearance in a mid-size outdoor commercial mall with other active retail businesses. This opportunity is in Northern New Jersey, Bergen County, in a highly populated city with continued demand for this product and service.


SummaryBusiness Description:

Profitable retail liquor business with bar and consumption services located in Northern New Jersey, Bergen County in an active commercial mall and on a convenient county road. This long standing, profitable business has a gross income of approximately $500,000 and a net Lotto Income of $40,000. This retail liquor business consist of two full & part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $4,800. The business transaction will offer an assignable commercial lease which expires 2027, plus additional options available, with a monthly rent of $4,050 all in, cost per square foot is estimated at $27.68, and rent security of approximately $4,000. This combination retail liquor and bar business is active seven days per week, with hours from 10:00 am to 11:00 pm. The business has been valued / priced at $525,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business 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. 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 the distance required for each liquor license, 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 the new operator by improving the existing marketing plan and the required local advertising.


Financing/Terms:

Seller financing is available to a qualified buyer