Retail Liquor & Property Option LQST430

Price: $240,000

Location: Sussex County, New Jersey

Industry: Liquor Store

Listing ID: LQST430

Long standing and profitable retail liquor business located in Northern New Jersey in the county of Sussex. The business also offers the opportunity to supply liquor consumption services and liquor tasting due to the type of New Jersey state issued liquor license. The yearly gross sales consist of 45% wine, 40% beer and 15 % liquor. The business also has a state issued Lottery license which supplies additional cash flow. This is a dependable business opportunity. The property is also available for sale consisting of two commercial units and five residential apartments with a yearly rent income of $135,300.

Listing Details

Revenue: $511,626

Cash Flow: $70,165

FFE: $170,000 (Included in Price)

Inventory: $50,000

Form of Ownership:

C Corp

Reason For Sale:

The seller is presently semi absentee, with other employment and has now elected to retire from this industry.

Training & Support:

The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.

Operation

Year Established: 1975

Days & Hours of Operation: The business is active seven days per week, with hours from 9:00 am to 11:00 pm.

Owner Hours Per Week: Full Time

Non-Owner Payroll: $5,800

Employees: This retail business, in addition to the owner operator, will require two-part time employees who are presently unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $5,800.

Location

Security on Lease: yes

Monthly Rent: 3700

Type of Location: commercial

Square Footage: 1675

Facilities Information:

This retail facility which consist of 1,675 square feet is located in a mid-size commercial mall with various other active and successful businesses. This business opportunity is located in Northern New Jersey, Sussex County on an active county road and in a phenomenally successful commercial mall. The general area consists of various highly populated communities with continued demand for this particular food product.

Ron Cervelli

contactus@regalconsultants.com

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