Liquor Store & Lotto
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $379000
Net Profit / Cash Flow $84000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 1 - 3
Inventory 60000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will supply a full transitional period to the new operator and will remain post-closing for thirty five days to assist the new operator.
Reason for Sale Owner's retirement after many successful years in this industry.
Description Ultra-modern attractive Liquor store with a valuable D Class liquor license located in Northern New Jersey, in an urban city of Passaic County, New Jersey. The owner is retiring after many successful years in this industry and at this location. The gross income is $379,000 yearly with a consistent net yearly income to the owner operator. The business also offers Lotto which supplies a yearly net of $23,413. The seller will supply a full transitional period and owner financing is available to a qualified buyer. The facility which has been recently upgraded consist of 1,350 square feet, clean and well maintained with a storage area and full basement. The transaction includes a long term commercial lease agreement at modest rent which also includes private customer parking. This business is located in a highly populated safe commercial urban area of Northern New Jersey. This is an excellent opportunity to own a successful liquor store in a great area of NJ with continued growth potential. The sale includes a valuable distribution liquor license, refrigeration units, numerous displays, counters, computer POS system, phone system, and various equipment required for this particular industry. The building has a legal capacity for 45 customers with a full basement for storage. The business has adequate private parking at location and as part of the lease agreement. This particular business has one part time employee who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $525. The business is operational seven days per week with hours from 10:30 am to 9:00 pm. The sale includes a New Jersey State Distribution liquor license; state approved for Lotto and has a municipal license to sell cigarettes. The sale includes a ten year commercial lease which expires 2024 with a gross yearly rent of $2,925 and rent security of $5,000.
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