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Retail Liquor Business

Hudson County, NJ

Seller Financing Available
Retail Liquor Business
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Asking Price: $450,000

Cash Flow: $140,000

Gross Revenue: $499,000

EBITDA: N/A

FF&E: $250,000

Inventory: N/A

Rent: $4,500 /Month

Established: 1994

Retail Liquor Business

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Business Description

Recently available for sale, this sixty-year-old profitable retail liquor business, with an option to purchase the property, located in an urban city of Northern New Jersey, Hudson County. As per the owner, the company will evidence a gross income of approximately $499,000 plus discretionary income and a net income of $140,000 and a consistent net income to the owner operator prior to debt service. This retail liquor business consist of one full and one part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,250. The business transaction has an assignable commercial lease which expires 2029, plus additional options available, with a monthly rent of $4,500, cost per square foot is estimated at $38 which includes the basement and rent security of approximately $5,000. Also, the seller owns the real estate and will supply an option to this buyer to purchase. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are unaware of the pending sale, all viewings are by appointment only and the photo does not represent this particular business opportunity.

Attached Documents


Detailed Information

Location:
Hudson County, NJ
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This well-known liquor business is located in Northern New Jersey, Hudson County, which consists of a very highly populated community with substantial and continued demand for this product. This successful retail facility consists of approximately 1,200 square feet, with a full basement, and has an attractive appearance. The business is located on a highly active commercial mall with various other retail businesses.
Competition:
To the best of our knowledge, due to various circumstances, 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.
Growth & Expansion:
The business can be further expanded by the new operator, based on an onsite owner operator. The business has limited hours, presently has a limited marketing plan, no local advertising, no web site and if improved can further develop the business yearly sales.
Financing:
Will be considered to a qualified buyer with an appropriate down payment.
Support & Training:
The owner seller is presently absentee and will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The owner is relocating out of the area and retiring.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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