Retail Liquor & Lotto. LQST478

Price: $299,900

Location: Sussex County, New Jersey

Industry: Liquor Store

Listing ID: LQST478

Recently available to purchase due to owners’ retirement for this profitable retail liquor business located in Northern New Jersey in the county of Sussex. This combo business also offers liquor consumption services during specific hours 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, no delivery. The business also has a state issued Lottery license which supplies additional cash flow. The facility has approximately a twenty-customer capacity. This is a dependable business opportunity. The business assets have an estimated value of $170,000 which is based on replacement costs and the sale consists of a fully equipped a C type 33 retail liquor business, which includes displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

Listing Details

Revenue: $487,325

Cash Flow: $80,000

FFE: $170,000 (Included in Price)

Inventory: $80,000

Reason For Sale:

The seller is presently 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: 1985

Days & Hours of Operation: Days of Operation: The business is active seven days per week, with hours from 11:00 am to 10:30 pm.

Owner Hours Per Week: absentee

Non-Owner Payroll: $82,000

Employees: This retail business has seven full and part-time employees who are presently unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $6,800.

Absentee Owner?: Yes

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 4100

Type of Location: Active commercial Mall

Square Footage: 1875

Facilities Information:

This retail facility, which consists of 1,875 square feet, is located in a mid-size commercial mall near to numerous other active and successful businesses. This business opportunity is located in Northern New Jersey, Sussex County on an active county road and in an active commercial mall. The general area consists of various highly populated communities with continued demand for this particular food product

Summary

Owner Qualifications:

This industry requires NJ State government agency approval to purchase due to the
transfer 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:

Regarding growth and expansion, 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:

Also, owner financing is available for this transaction and possible SBA financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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