Business For Sale

Potential Wine Oriented Liquor Store

Teaneck, NJ
Bergen County

Asking Price: Annual Revenue:
$150,000 $300,000

Food & Beverage: Liquor Stores

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RE: Potential Wine Oriented Liquor Store Broker: Vito Mastromonaco
Owner Financing is Available!
Owner would do 1 year payable financing of $10,000.

Quick Facts

Asking Price: $150,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $43,730
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 6 years
Employees: 2
BBN Listing #: 3712979
Broker Reference #: 6089VM

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Business Overview:

Compact Liquor Store w 50% B25 L24 MSI%. Store operated by 2 partners. Perfect purchase for a wine know ledged owner. Should have passion for better wines and develop this trade based upon a good background in wines. Located on main business street Teaneck. Presently sells large amount of better kosher wines; can be expanded. Store has to be revamped to display a better selection of well-known and more expansive class of wines. This area would be responsive to better wine connoisseurs. No lottery here has been approved for it. One year left on present lease. Has two five year options that new owner can sign up for potential for huge upside. D License in Teaneck valued at $175,000. Has elevator for basement use.

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Property Features and Assets:

Small compact liquor store, plenty of parking, street with municipal lot in back, store layout has to be improved, owner can sign for new lease for10 years plus.

Market Competition and Expansion:

Compact Liquor Store- no near by stores, this store can be developed as a good wine store. Needs new owner to develop this type of operation. Developing this location as a wine orientated facility. In this wealth community there is no known competition. Approved for lottery-not there at present time.

Reason for Selling:

Retirement for both partners, one is ill.

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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