Retail Liquor Business

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$450,000 $499,000

Food & Beverage: Liquor Stores


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RE: Retail Liquor Business Broker: Ron Cervelli
Owner Financing is Available!
Will be considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $450,000
Annual Revenue: $499,000
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 2
BBN Listing #: 25163909
Broker Reference #: LQST405

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Business Overview:

Recently available for sale, this sixty-year-old profitable retail liquor business, with an option to purchase the property, located in an urban city of Northern New Jersey, Hudson County. As per the owner, the company will evidence a gross income of approximately $499,000 plus discretionary income and a net income of $140,000 and a consistent net income to the owner operator prior to debt service. This retail liquor business consist of one full and one part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $4,250. The business transaction has an assignable commercial lease which expires 2029, plus additional options available, with a monthly rent of $4,500, cost per square foot is estimated at $38 which includes the basement and rent security of approximately $5,000. Also, the seller owns the real estate and will supply an option to this buyer to purchase. 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 well-known liquor business is located in Northern New Jersey, Hudson County, which consists of a very highly populated community with substantial and continued demand for this product. This successful retail facility consists of approximately 1,200 square feet, with a full basement, and has an attractive appearance. The business is located on a highly active commercial mall with various other retail businesses.

Market Competition and Expansion:

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, based on an onsite owner operator. The business has limited hours, presently has a limited marketing plan, no local advertising, no web site and if improved can further develop the business yearly sales.

Reason for Selling:

The owner is relocating out of the area and retiring.

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.

Documents:

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