Retail Liquor Lotto & Bar

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$525,000 $500,000

Food & Beverage: Liquor Stores


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RE: Retail Liquor Lotto & Bar Broker: Ron Cervelli
Owner Financing is Available!
Available to a qualified buyer.

Quick Facts

Asking Price: $525,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $425,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 20603909
Broker Reference #: LQST406

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Business Overview:

Profitable retail liquor business with bar and consumption services located in Northern New Jersey, Passaic County in an active commercial mall and on a convenient county road. This long standing, profitable business has a gross income of approximately $500,000 and a net Lotto Income of $40,000. This retail liquor business consist of two full & part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $4,800. The business transaction will offer an assignable commercial lease which expires 2027, plus additional options available, with a monthly rent of $4,050 all in, cost per square foot is estimated at $27.68, and rent security of approximately $4,000. The business has been valued / priced at $525,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity.The business has been valued / priced at $525,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating.

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Property Features and Assets:

The facility consists of approximately 1,745 square feet and has an attractive modern appearance in a mid-size outdoor commercial mall with other active retail businesses. This opportunity is in Northern New Jersey, Passaic County, in a highly populated city with continued demand for this product and service.

Market Competition and Expansion:

To the best of our knowledge, due to the distance required for each liquor license, 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 opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising.

Reason for Selling:

Owner is 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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