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Business For Sale
LIQUOR STORE & CONVENIENCE STORE
Attn:
Anant (Andy) R. Patel
Monmouth County, NJ, USA
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Listing Number: "774"
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Listing
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Asking Price: |
$895,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Liquor Stores
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Reason for Selling:
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Retirement |
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Year Established:
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1970 |
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Yearly Cash Flow:
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$203,000 |
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Yearly Gross Income:
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$1,200,000 |
Business for Sale Overview:
Excellent location. Established business for long time. Perfect business for family or partnership. Store sales are $1,200,000 plus Lottery and Rips.
High profit margin. Long term lease, 10 years plus 10 years option.
Owner financing with 50% down payment, with 10 years payout option.
Seller will provide due diligence time. Buyer will be required to apply for liquor license transfer.
Property Features and Assets:
Independent location. 3,600 square feet store. It has front and side parking.
Market Competition and Expansion:
Located in middle of the residential area. There has been no new competition in the area for so many years because the store is located in the residential area. It will be very difficult for others to build this kind of business near this location.
Before this owner took over the store 12 years ago, this store use to be known for its Deli & Pizza business. Present owner has closed the Deli & Pizza, but all the set up is there is one choose to open the Deli & Pizza. By doing so it will only increase the business.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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