Business For Sale

Retail Liquor Business

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$450,000 $775,000

Food & Beverage: Liquor Stores


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

Quick Facts

Asking Price: $450,000
Annual Revenue: $775,000
Net Profit: Not Disclosed
Cash Flow: $145,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 1183909
Broker Reference #: LQST382

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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. The company will evidence a gross income of $775,000 and a net income of $145,000 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 2029-01-01, plus additional options available, with a monthly rent of $4,500, cost per square foot is estimated at $38,00 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. The business fixed assets has an estimated value of approximately $250,000 which is based on the cost of the original equipment, various licensing, buildout replacement cost, tangible & intangible, in addition to the multiple of the existing net yearly income. This successful liquor business operation is active seven days per week, with hours from 12:00 pm to 9:00 pm. The company routinely has approximately $100,000 of marketable inventory and the purchaser will be responsible for that cost at time of closing, based on wholesale value. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. 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:

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. 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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