Successful Family Liquor Store

Bogota, NJ (Bergen County)

Liquor Store
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Asking Price: $260,000

Cash Flow: $89,000

Gross Revenue: $389,000

EBITDA: N/A

FF&E: N/A

Inventory: $100,000*

Rent: $1,800 /Month

Established: 1973

*not included in asking price.

Successful Family Liquor Store

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Business Description

This local liquor store has been around for 45 years. In 2008 it was bought by current owners, 2 brothers who have been in business together since. They currently lease, but the owner of the building is looking to sell as well and he owns both stores on either side which could be used to expand the business. The business next door (a deli) is on a month to month lease so it can be terminated at any time if new owner decides to buy real estate and expand the business.
Liquor license is included in price!
Lottery also brought in 6,800 in commission last year (included in cash flow).

Detailed Information

Location:
Bogota, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
0
Facilities:
Square footage of main store floor is 1,000 and the basement is another 1,000. Main floor has 5 large coolers and basement has a walk-in cooler. Store also has a state of the art video security system. Lease expires soon, but is up for a 5 year option. Rent is 1,800 a month. It is located right off of a busy street and commercial strip.
Competition:
Business has been down the past couple of years due to a liquor store about two blocks away that sold and renovated about 2 years ago. in 2016 gross sales were over half a million. Current price reflects business now, but if the competition goes away, business could exceed 2016 levels.
Growth & Expansion:
Owner of building wants to sell also, and the new owner could knock down the deli next door and expand the liquor business. The liquor store that has been competition is about 2-3 times as large with a larger selection of fine wines, whiskey, and beer. New owner could easily cater to that market as well. Although business is competitively priced for the current revenue that they are doing.
Support & Training:
2 weeks.
Reason for Selling:
Retirement
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Ariel Herzog

Business Listed By:
Ariel Herzog

Herzog Acquisitions Group LLC

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