LIQUOR-DELI-LOTTO. LQST478

Price: $375,000

Location: Hudson County, New Jersey

Industry: Liquor Store

Listing ID: LQST478

This long-standing retail liquor deli business has been active for the past fifty years, serving its North Jersey, Hudson County customers with quality product and service. The company has a consistent gross income and a dependable net yearly income. This retail business represents liquor, cigarettes, and lotto income. They are a family-owned retail liquor business serving their neighborhood and adjoining communities. They are committed to providing their customers with great service and friendly expert advice and they recognize that it is your appreciation and your satisfaction that is important, and that is what will always be most important. This is a dependable safe business opportunity.

 

Listing Details

Revenue: $900,000

Cash Flow: $120,000

FFE: $375,000 (Included in Price)

Inventory: $90,000

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years.

Training & Support:

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

Operation

Days & Hours of Operation: This successful food market business operation is active seven days per week, with hours from 9:00 am to 9:00 pm.

Owner Hours Per Week: Full Time

Employees: Two employees

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 2850

Type of Location: Commercial Avenue

Square Footage: 1,750

Relocatable?: Yes

Facilities Information:

This successful retail facility which consist of approximately 1,750 square feet large storage basement and has a clean and professional appearance. This liquor business is on an active commercial avenue near to various national business operations which attract many daily shoppers and workers. This opportunity is in Northern New Jersey, Hudson County, which consists of various highly populated communities with continued demand for this industry.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity industry requires State government licensing approval to purchase or operate in addition to the standard required municipal licenses.

Competition:

No new liquor licenses are available to this city and to the best of our knowledge, due to various circumstances, 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 can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, no web site, also increase the liquor inventory and if improved can further develop the business yearly gross sales.

Financing/Terms:

possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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