Liquor Store 29 years established and successful

Clifton, NJ (Passaic County)

Seller Financing Available
Liquor Store
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Asking Price: $350,000

Cash Flow: $116,860

Gross Revenue: $430,000

EBITDA: N/A

FF&E: N/A

Inventory: $60,000*

Real Estate: $470,000*

Established: 1989

*not included in asking price.

Liquor Store 29 years established and successful

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Business Description

This liquor store in Passaic County, NJ was founded 29 years ago by current owner. He is looking to retire after a successful career. Class C liquor license included in price. Owner owns property as well with a business partner and rents out upstairs and downstairs to long time tenants. Buyer will have option of buying real estate as well, but the real estate cannot be sold without the business.
It is owner operated with one part time employee.
The store is also in a heavily populated Jewish area and while it is not kosher right now, it has great opportunity to become a kosher wine and liquor store to cater to the Jewish community. Although the business has been extremely successful as it is.
Has lottery has well which brings in 27,000 annually. It also has an ATM machine, which along with the sale of cigarettes and the store's retail incentive program brings in another 16,000 annually.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
950
Employees:
1 part time
Facilities:
Store's main floor is 950 square feet. Includes walk in cooler, a large cooler unit for beer and cold drinks, a deli case, an ice cream cooler, and another small beer cooler. All included in price. Bathroom as well. Additionally, there is a video security system. It is located in a heavily populated residential area with ample street parking. While the owner is happy to sell real estate as well, if buyer chooses to lease, the lease will be set at 2,500 a month. Lease terms are negotiable.
Competition:
Business has been successful under same owner for 29 years and has not been hurt by any competition. Business remains consistent every year.
Growth & Expansion:
Located in Jewish area, and potential opportunities to turn it into a Kosher liquor store.
Financing:
150,000
Support & Training:
Owner will give 2 weeks training and support.
Reason for Selling:
Retirement
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Ariel Herzog

Business Listed By:
Ariel Herzog

Herzog Acquisitions Group LLC

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