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Retail Liquor Store

Union County, NJ

Retail Liquor Store
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Asking Price: N/A

Cash Flow: $86,000

Gross Revenue: $322,101

EBITDA: N/A

FF&E: $235,000

Inventory: $45,000*

Real Estate: N/A

Established: 1995

*not included in asking price.

Retail Liquor Store

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Business Description

Excellent business opportunity for this retail liquor business which includes liquor license. The business has a gross yearly income of $322,101, plus undisclosed income, and a net yearly income of $86,000. This forty-year-old business has a consistent yearly income which can be further developed with an onsite owner operator. The sale which includes the distribution liquor license has been valued at a very aggressive price based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to qualified buyer with an appropriate down payment, collateral and credit rating. This company has two-part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $2,300. The business fixed assets has an estimated value of approximately $235,000 which is based on equipment and licensing replacement cost. This successful retail liquor business operation is active seven days per week, with hours from 4pm to 10pm. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a substantial investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Location:
Union County, NJ
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
1,275
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This retail liquor business in located in active urban city, Northern New Jersey, in the County of Union. The facility is conveniently located on a county road with lots of drive by vehicles. The business facility which consist of 1,275 square feet has is designed for customer convenience and quick service.
Competition:
Competitors presently exist in the area, however due to limited liquor licenses, 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 presently has a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.
Financing:
Can be available to a qualified buyer with an appropriate down payment.
Support & Training:
The seller / owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The sale is due to the owners’ relocation out of the general area.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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