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.