Ultra Modern Liquor Store
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $695000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 1 - 3
Inventory 375000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply a full training period and remain post closing for 30 days.
Reason for Sale Owner is semi absentee, and has elected to retire from this business opportunity.
Description Ultra-modern liquor store in an active commercial mall and on a major highly active state highway of Middlesex County NJ. This three year young retail liquor store has a beautiful image and continues to develop and increase its gross sales. The business has a very valuable 32 Broad Class liquor license, which has an actual real value of $225,000 and allows the business to sell retail products and serve products for consumption purposes. The additional advantage of this license is to offer wine tasting and to obtain a further income from consumption liquor service. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. The business has been approved for Lotto representing a $3,300 additional income. This newer business has a gross income of $695,000 and continues to develop its net income. The sale includes walk in refrigeration units, broad C liquor license, numerous displays, counters, shelving, POS computer system, full wet serving bar with all the accessories and equipment required to maintain the business. The building has a legal capacity for 112 customers, 3,000 sq ft, on one main floor. The business has substantial mall parking at the facility and part of the lease agreement. The business is active seven day weekly with hours from 10:00 am to 10:00 pm. The business has a valuable 32 Class Liquor license which allows the business to sell retail liquor products and to serve liquor to the general public which is highly useful with wine tasting events. The sale includes a sixteen year lease term with a gross rent of $6,000 monthly and rent security of $12,000. Owner financing is available to finance the sale with an appropriate down payment to a qualified buyer. This is a solid opportunity and should be seen to fully appreciate.
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