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Retail Liquor Store & Property
Location: United States -> New Jersey -> Union County
Industry: Food and Beverage > Liquor Stores




Business Summary

Excellent business opportunity for this retail liquor business which includes the property, liquor license and all assets. The business has a gross yearly income of $322,101, plus undisclosed income, and a net yearly income of $91,000. This forty-year-old business has a consistent yearly income which can be further developed with an onsite owner operator. Due to the NJ state issued liquor license this transaction requires government licensing approval to purchase. 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 is in a free stranding commercial facility, on an active county road, consists of approximately 1,275 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $235,000 which is based on equipment and licensing replacement cost.

The sale consists of a fully equipped commercial retail liquor business, which includes a distribution liquor license, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking nearby to the business. This successful retail liquor business operation is active seven days per week, with hours from 4pm to 10pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. 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. Based on a 25-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $322,101
Cash Flow:   $91,000
Cash Flow Type:  EBITDA
Inventory:  $235,000
Seller Financing:  Yes

About The Business

Year Established:  1971
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  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 owner is relocating out of the general area.




Print Listing Id: 700287794
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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