Liquor Business with Lotto

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$225,000 $304,000

Food & Beverage: Liquor Stores


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RE: Liquor Business with Lotto Broker: Ron Cervelli
Owner Financing is Available!
May be considered with an appropriate down payment.

Quick Facts

Asking Price: $225,000
Annual Revenue: $304,000
Net Profit: Not Disclosed
Cash Flow: $69,000
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 2
BBN Listing #: 28583909
Broker Reference #: Not Disclosed

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Business Overview:

This long-standing retail liquor business has been active for the past fifty years, serving its North Jersey, Passaic County customers with quality product and service. The company has a gross income of $304,000 and a consistent net yearly income. This retail liquor business has a high-volume Lotto & Rips. They are a family owned retail liquor business serving their neighborhood and adjoining communities. Whether you're looking for very special bottles, searching for a gift or planning an event or party, they can introduce their selections that offer their customers diversity and quality with pricing that allows you to enjoy better more often. This shop will offer choices that combine quality with value at all price points. They are committed to providing their customers with great service and friendly expert advice and they recognize that it's your appreciation and your satisfaction that's important, and that's what will always be most important. This retail liquor business consist of 1 full time and 1 part time employee who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $800. The business transaction has an assignable commercial lease which expires 2027, plus additional options available, with a monthly rent of $2,600, cost per square foot is estimated at $22.29, and rent security of approximately $5,200. The 2018 yearly gross income represented by the seller owner is $304,000 and the business has a yearly net income of approximately $69,000 based on an onsite owner operator and prior to any debt service. Also, a formal due diligence is required by the purchaser. This is a dependable safe business opportunity Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This successful retail facility which consist of approximately 1,400 square feet has a clean and professional appearance. This liquor business is on an active commercial avenue near to various national business operations which attract many daily shoppers and workers. This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this industry.

Market Competition and Expansion:

No new liquor licenses are available to this city and to the best of our knowledge, due to various circumstances, 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. The business can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, no web site and if improved can further develop the business yearly gross sales.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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