Price: $350,000
Location: Bergen County, New Jersey
Industry: Liquor Store
Listing ID: LQST479
Bergen County retail liquor business located on an active county road and a highly populated commercial avenue. The business has a gross income of $1,600,000 and a consistent net yearly income with additional growth and expansion. This is a dependable safe business opportunity and based on the asking price, and continued yearly net income, this business expects to supply a consistent return on investment to the owner operator. The sale includes a valuable NJ state issued distribution cigarette license.
Listing Details
Revenue: $619,998
Cash Flow: $110,000
FFE: $220,000 (Included in Price)
Inventory: $90,000
Reason For Sale:
The seller is retiring after many years in this industry.
Training & Support:
The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 4,500
Type of Location: Active commercial Mall
Square Footage: 1800
Relocatable?: Yes
Facilities Information:
This retail facility which consist of approximately 1,800 square feet is located in a mid-size commercial mall with various other active and successful businesses including a Shop Rite food mart. This business opportunity is located in Northern New Jersey, Bergen County on an active county road and in a large successful commercial mall. The general area consists of various highly populated communities with continued demand for this particular liquor / food product.
Summary
Owner Qualifications:
This industry requires NJ State government agency approval to purchase due to the
transfer requirements of the liquor license.
Competition:
To the best of our knowledge and due to limited liquor licenses, no other new competitors are expected near to this business and the owner has agreed to supply a satisfactory non-compete agreement to the purchaser.
Potential Growth:
The business presently has a limited marketing plan, No web site, and can increase its inventory which can increase the business gross sales.
Financing/Terms:
To be determined.