Change over from Food to Liquor

Hudson County, NJ

Seller Financing Available
Change over from Food to Liquor

Asking Price:$175,000

Cash Flow:$51,716

Gross Revenue:$216,000





*not included in asking price.

Change over from Food to Liquor

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Business Description

Projected Figures based on performance of first 3 months of operation. Owner can show projected profit of $1,000- weekly w/ no add backs for operating thru Holiday Season. At present a great deal of Hot Food business- has a full kitchen w/ all equipment; capable of extensive menu. Owner wishes to place emphasis on the sale of liquor related products & eventually do away w/ hot meals, concentrating on the selling of Spanish orientated beer, wine & liquor is a priority & place lottery into store. This can be a winner if new owner can accomplish this. Present owner wants out as he is not a kitchen man- Liquor License value $85,000- Second year projections, after elimination of most hot food items; net cash flow would come in at over 80,000- & climb annually because of ethnic area.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Older store with full kitchen- Hot food end should be done away with good 10 year lease with options, metered parking spaces always available.
Several liquor stores in area this store will be orientated to selling more Spanish products beer/wine/liquor
Growth & Expansion:
Turning store into straight liquor store- doing away entirely with food end
Owner would finance $55,000 to buyer
Support & Training:
2 weeks
Reason for Selling:
Owner would like to get into straight liquor store; no food.

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Vito Mastromonaco

Business Listed By:
Vito Mastromonaco

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Larry Bodner

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