Liquor-Lotto

Business Overview:

This long-standing retail liquor business has been active for the past fifty years, serving its North Jersey, Hudson County customers with quality product and service. The company has a consistent gross income and a dependable net yearly income. This retail business represents liquor, cigarettes, and lotto income. They are a family-owned retail liquor business serving their neighborhood and adjoining communities. They are committed to providing their customers with great service and friendly expert advice and they recognize that it is your appreciation and your satisfaction that is important, and that is what will always be most important. This is a dependable safe business opportunity.

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Property Features and Assets:

This successful retail facility which consist of approximately 1,750 square feet large storage basement and 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, Hudson County, which consists of various highly populated communities with continued demand for this industry. The 2021 yearly gross income as represented by the seller owner is $950,000 and the business has a yearly net income of approximately $120,000 based on an onsite semi owner operator and prior to any debt service. Also, a formal due diligence is required by the purchaser. The business has been valued / priced at $375,000 which is based on a multiple of the net yearly income and the value of the business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

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.

Reason for Selling:

Owner retiring

Additional Details:

Documents:

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