Liquor Store & Lotto Business For Sale
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $932632
Net Profit / Cash Flow $82311
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1990
Number of Employees 1 - 3
Inventory 185000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale Retiring after many successful years in the food service industry.
Description Owner retiring after many successful years in this profitable liquor retail business located in Monmouth County, NJ. The business is located on US State highway route 34 with a huge volume of drive by traffic. The facility consists of 4,000 square feet in a modern attractive commercial mall with numerous other successful retail businesses. The business has a gross yearly income of approximately $932,000 and a dependable net income to the owner operator.
The sale includes a long term commercial lease agreement with numerous options. This modern attractive facility has been fully upgraded with a clean professional image and can be further developed with an improved marketing campaign. This particular business has two part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,470.
The business has an assignable commercial lease which expires 2023-01-01 plus additional five options, with a monthly rent of $6,180 and rent security $18,000. The business facility which consists of 4,000 square feet and has a capacity for approximately forty two customers. The sale includes a fully equipped turnkey retail liquor store and a liquor license with a value of $200,000, Lotto equipment, various displays, shelving, POS system, including all the necessary equipment to maintain the day to day business operation.
The facility has appropriate mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 10:00 am to 10:00 pm. The sale includes a State Issues Distribution Liquor license, a certificate of occupancy from the particular municipality and the required license approval from the city. The owner will finance the sale to a qualified buyer with the appropriate down payment. This is a solid business opportunity.
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