RETAIL LIQUOR

Price: $499,900

Location: Bergen County NJ, New Jersey USA

Industry: Liquor Store

Listing ID: LQST444

Bergen County retail liquor business located on a major state highway in a highly active commercial mall. The business has a gross income of $1,271,242 and a consistent net yearly income of $154,000. 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. For Qualifications purposes, this business opportunity industry does require state government licensing approval to purchase in addition to other than the standard required municipal licenses.

Listing Details

Revenue: $1,271,242

Cash Flow: $154,000

FFE: $285,000 (Included in Price)

Inventory: $175,000

Form of Ownership:

Corporate

Terms and Conditions?:

Approximately 30% down, ten year payout for institutional financing.

Reason For Sale:

The purpose of this business transaction is due to the owner retirement out of the state of New Jersey.

Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.

Operation

Year Established: 1995

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

Owner Hours Per Week: Full Time

Non-Owner Payroll: $60,000

Employees: Regarding employees and payroll, this retail liquor company consist of one full and two part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $4,800.

Location

Security on Lease: 29,400

Lease Option: Lease and terms, the business transaction will offer a new licensing agreement as a lease with three year terms, plus additional options available, with a monthly rent of $12,000, cost per square foot is estimated at $45.00

Monthly Rent: 12,000

Type of Location: Commercial mall.

Square Footage: 2,800

Relocatable?: Yes

Facilities Information:

This successful retail facility which consist of approximately 2,800 square feet have a modern professional appearance. The business is in a large commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

Ron Cervelli

contactus@regalconsultants.com

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