High Volume Liquor Store With Lotto Commercial Area For Sale

Business description

A wonderful 40 year old retail Liquor Store business with Lotto located in a commercial shopping center and upscale area of Bergen County, New Jersey. The facility is conveniently located in the center of town and the next to 2 major retailers and national chains. The business facility is modern, well organized and has a wide variety of products; with various types of Liquor and Wine displays. The business produces annual sales of 1.1 Million with a substantial net income for the owner. The business offering includes a long term lease. This is an excellent opportunity to own a long established retail business!

Property information

Real Estate:

Lease

Lease terms:

A new long term lease with additional options for continuation is available for the new owner. A valuable liquor license is included in the sale.

Leasehold rent:

$103,700 per annum

Location:

The facility is located in a major high traffic mall with a large volume of daily shoppers. The facility consists of 1,550 square feet with no basement and a private office.

Premises details:

Ample mall parking is available and part of the lease agreement. Total annual rent is approximately $103,700.

Size in square feet:

1,550

Other information

Expansion potential:

With continued good service and improved product offering this business can be further developed. About the Sale

Competition / Market:

No other liquor stores are in this area.

Support & training:

Seller will provide a full due diligence and transitional period. Sale is subject to the successful transfer and approval of the liquor license.

Reasons for selling:

Retirement after many years.

Trading hours:

Monday thru Sunday
10:10 am to 10:00 pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Financing is available with $425k down.

Furniture / Fixtures value:

$295,000 (included in the asking price)

Inventory / Stock value:

$125,000