Price: $399,900
Location: Bergen, New Jersey
Industry: Liquor Store
Listing ID: LQST487
Owner retiring after many successful years in the liquor retail industry, This transaction represents the business and the real estate. This 44 retail distribution liquor license has a $275,000 actual value.
This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner
Listing Details
Revenue: $635,000
Cash Flow: $110,467
FFE: $295,000 (Included in Price)
Inventory: $30,000
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner’s illness-retirement after many years of success in this particular industry.
Training & Support:
Training and owner support, due to the owner’s illness, she is now hospitalized and cannot remain post-closing supply training and a transitional period.
Operation
Year Established: 1960
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 11:00 am to 6:30 pm.
Owner Hours Per Week: Absentee
Employees: Regarding employees and payroll, this retail company consists of two part-time employees who are unaware of the sale pending. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing.
Managers: No
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 3,300
Type of Location: Commercial
Square Footage: 2,000
Facilities Information:
This business opportunity is in northern New Jersey, Bergen County, in the city of Teaneck, on a highly active county road. This business facility consists of approximately 2,000 square feet with a professional appearance. The business is in a free-standing retail facility conveniently located for its various customers.
Summary
Historical Summary:
This is a thirty-year-old full-service retail liquor business.
Owner Qualifications:
For Qualifications purposes; this business opportunity requires specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement with the purchaser.
Potential Growth:
Regarding growth and expansion, the retail company can be further developed by improving the marketing, the delivery service, and evening hours and increasing the inventory above $35,000. Additionally, the company has a limited non-optimized web site and if adjusted it can further develop the yearly business sales.
Financing/Terms:
Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.