Retail Liquor Business

Not Disclosed, NJ
Passaic County

Active commercial avenue

Asking Price: Annual Revenue:
$425,000 $1,233,000

Food & Beverage: Liquor Stores

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RE: Retail Liquor Business Broker: Customer Service
Owner Financing is Available!
Also, possible seller / bank financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $425,000
Annual Revenue: $1,233,000
Net Profit: $140,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 2
BBN Listing #: 99753909
Broker Reference #: lqst476

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Business Overview:

Wonderful purchase opportunity with a high-volume Retail Liquor business with valuable distribution liquor license available in Passaic County, northern New Jersey. This long standing fifty-year-old business located in the highly popular urban municipality and offers the option to purchase the property. The company has a yearly gross income of $1233,280 and will evidence a substantial net yearly income to an owner operator. This seven-day operation maintains standard hours from 10:00 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. The owner functions semi part time, approximately six hours per day and will train. SBA financing has been pre-approved for this excellent business opportunity. This is a profitable business opportunity and based on the asking price, down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Based on a 25-year payout, approximately 20% to 25% down payment, purchaser expects to obtain a consistent return on investment after debt service.

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Property Features and Assets:

The retail facility consists of approximately 2,000 square feet with a full unfinished basement. The business is on a commercial avenue in Northern New Jersey, Passaic County, which consists of highly populated urban communities with continued demand for this food product.

Market Competition and Expansion:

Regarding competition, 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:

  • 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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