Retail Liquor Business. lqst480

Price: $239,900

Location: Bergen County, New Jersey

Industry: Liquor Store

Listing ID: LQST480

Retail liquor business in a wonderful area of Bergen County, New Jersey available for sale based on the value of the distribution liquor license. This shop is minutes from the New Jersey meadowlands arena. The owner is now retiring and will consider owner financing to a qualified buyer. 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 operator.

Listing Details

Revenue: $250,000

Cash Flow: $49,998

FFE: $250,000 (Included in Price)

Inventory: $60,000

Reason For Sale:

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

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: 1975

Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 10:00 am to 9:30 pm.

Owner Hours Per Week: absentee

Employees: Regarding employees and payroll; this retail company consist of one employee who are unaware of the pending sale.

Absentee Owner?: Yes

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 3,200

Type of Location: Commercial Avenue

Square Footage: 1,420

Relocatable?: Yes

Facilities Information:

This business opportunity is in north central New Jersey, Bergen County on a highly active county road. This business facility consists of approximately 1,400 square feet with a professional appearance. The business is on an active avenue.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity requires New Jersey state government approval.

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, the retail company can be further developed by increasing the days of operation, 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:

Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Ron Cervelli

contactus@regalconsultants.com

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