Owner Financing is Available!
Business Overview:
High Volume Liquor store business with real estate in an urban area of Passaic County, New Jersey. This long standing business located in the municipality of Paterson, NJ has a yearly gross income of $800,000, and will evidence a 2010 net income of $150,000. The sale which includes the property has one residential rental unit with an income of $15,600 yearly. This seven day operation maintains standard hours from 9:00 am to 10:00 pm. Although the facility is located in a highly urban area, during its long existence, it has never had a criminal incident and is considered a generally safe area to the residents. Walk in boxes, refrigeration units, counters, displays and distribution liquor license.etc. The building has a legal capacity for 22 customers consisting of 1,500 sq ft, on one main floor with a full basement. Adequate municipal parking is on the site and convenient to its customers. The business has a seven day operation hours from 9:00 am to 10:00 pm. The business has a New Jersey State Distribution Liquor license to sell this product. The seller is absentee and will train, SBA financing has been approved. Excellent opportunity representing a dependable income.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The facility consists of 1,500 sq. ft. in a commercial store front with a storage room and full basement. The business has a large walk up counter to serve its customers. Located in an urban area of Paterson, Passaic County, New Jersey in a densely populated urban community and on an active county road.
Market Competition and Expansion:
No other liquor store competitors exist in this particular area and seller will supply a non compete agreement to the purchaser. With continued good service and product this business will maintain its cash flow.
Reason for Selling:
Owner is semi absentee and is retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: