Price: $499,000
Location: Essex County, New Jersey
Industry: Liquor Store
Listing ID: LQST480
This one-year new ultra-modern retail liquor business is now available, Best offer with owner financing. This shop stands out from large chains by providing friendly service and knowledgeable in-store consultants. The owner is an investor, absentee and is prepared to sell with owner financing. Their expert Team offers a wide range of services such as complimentary planning consultations, discounts, delivery, and easy returns. The company projects one million in yearly gross sales during the next twelve months and a highly profitable mark-up to the operation. The company has a valuable New Jersey retail distribution liquor license with quality equipment included in the transaction. This is a dependable safe business opportunity and based on the selling price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $1,000,000
Cash Flow: $150,000
FFE: $489,999 (Included in Price)
Inventory: $120,000
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner to be absent from the company and residing out of the general area.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2023
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 10:00 am to 10:00 pm, Sunday 10:00 am to earlier.
Owner Hours Per Week: 10 hours weekly
Non-Owner Payroll: $10,000
Employees: Regarding employees and payroll, this retail company consists of four full and part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $10,000.
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: $6,564
Type of Location: Commercial
Square Footage: 2,188
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Essex County on a highly active county road. This business facility consists of approximately 2,188 square feet with a modern, attractive, and professional appearance. The business is in a commercial retail facility conveniently location for its various customers.
The business is located in a densely populated affluent community of Essex County, New Jersey on an active county road near to major state highways and hundreds of other retail companies. This liquor retail shop has an excellent commercial location servicing numerous communities with continued need for this personal service.
Summary
Historical Summary:
Presently offered on a weekly scheduled basis during afternoon hours.
Qualifications: For Qualifications purposes; this business opportunity requires New Jersey government licensing approval to purchase or operate in addition to the standard required municipal licenses.
Owner Qualifications:
Required by the state of New Jersey. For Qualifications purposes; this business opportunity requires New Jersey government licensing approval to purchase or operate in addition to 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 to the purchaser.
Potential Growth:
Regarding growth and expansion, this is a newer liquor operation and requires time to develop. Also, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
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. Also, own financing is available for this transaction with 30% down payment to a qualified buyer with an appropriate down payment, collateral, and credit rating.
