Wine & Liquor Business

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
$299,000 $410,000

Food & Beverage: Liquor Stores


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RE: Wine & Liquor Business Broker: Ron Cervelli
Owner Financing is Available!
Available with an appropriate down payment.

Quick Facts

Asking Price: $299,000
Annual Revenue: $410,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $380,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 1
BBN Listing #: 91823909
Broker Reference #: LQST413

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Business Overview:

Modern retail wine & liquor shop, that must be seen to fully appreciate. This successful business opportunity represents an attractive retail liquor business in an active and safe community of Union County, New Jersey. The business has 2018 gross sales of $410,000, plus seller discretionary income, Lotto Net yearly income of approximately $20,000. The 2019 gross income can be further increased with an investment in inventory. This retail liquor company consist of one full time employee who is unaware of the pending sale. The payroll is based on an hourly basis scale, as a weekly base salary, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $2,200. The business transaction will offer an assignable commercial lease which expires 2023, plus additional options available, with a monthly rent of $6,681 all in, cost per square foot is estimated at $50.54 and rent security of approximately $10,000. The 2018 yearly gross income represented by the seller owner is $410,000 and the business has a modest net income. The 2019 company’s gross income can be further developed with an onsite owner operator and an increase in the available inventory. Due to various reasons and possible seller discretionary income, a formal due diligence is recommended. This is a dependable safe business opportunity as an asset transaction. 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 retail facility which consist of approximately 1,526, square feet, has been recently upgraded with an attractive appearance, multiple entrances and no basement. The upgrades include new lighting system and an upgraded interior. The business is located in an active commercial mall with many other businesses on a convenient county road. This opportunity is in, Union County NJ, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

To the best of our knowledge, due to limited liquor licenses, 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 improving the existing marketing plan, wine tasting and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Reason for Selling:

The purpose of this business transaction is due to

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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