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Businesses For Sale   >>   New Jersey Businesses For Sale

Combo Liquor Store & Pub

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $900000
Net Profit / Cash Flow  $150000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1960
Number of Employees  10 - 19
Inventory  320000 Equipment Only
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  The seller will supply a full transitional period, post closing to the new operator.
Reason for Sale  The owners are retiring after many successful years in the particular industry.

Description  
Combination Liquor Store, Restaurant with property, owner retiring after many successful years in this industry located in Passaic County Northern NJ. This one acre site also has eight commercial office rentals with private entrances with a consistent additional income to the owner and the real estate has an estimated value of $840,000. The businesses are fully separate with Private entrances and produce an average gross yearly income of $900,000. The business has had many years of high volume production and has a wonderful reputation in the area it serves. The building consists of approximately 10,000 square feet, 3,500 feet for each floor, which includes a huge basement consisting of a private party room with a capacity for 65 customers, full bar and a huge storage area. The business also has an outdoor patio, multiple entrances and a private parking area. The seller is retiring and will supply a full transitional period post closing to the new owner and finance the sale to a qualified buyer. Both businesses are fully equipped with up to date equipment including, multiple walk in refrigeration units, commercial kitchen, numerous displays, counters, POS computer, liquor license and all required equipment to maintain both businesses. The businesses have a legal capacity of 175 customers which does not include the basement or second floor rental units. The facility has appropriate private parking at the facility included in the sale transaction. The both businesses are active seven days per week, hours from 11:00 am to 2:00 am. The business has a valuable Liquor license which permits the sale of retail liquor and a food handler's license to serve food to the general public. The facility has a newer septic system, municipal water, gas, electric, telephone. The business has a staff of ten employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $7.900.


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