Solid business opportunity for this retail liquor shop which also offers consumption income. Recently available to purchase due to the owners' retirement, this profitable retail liquor business is located in Northern New Jersey, in the county of Sussex. This combo business also offers liquor consumption services during specific hours and liquor tastings due to the type of New Jersey state-issued liquor license. The yearly gross sales consist of 45% wine, 40% beer, and 15% liquor, with no delivery. The business also has a state-issued lottery license, which supplies additional cash flow. The facility has approximately a twenty-customer capacity. This is a dependable business opportunity. The business assets have an estimated value of $170,000, which is based on replacement costs, and the sale consists of a fully equipped C-type 33 retail liquor business, which includes displays, shelving, a POS system, tables, computers, software, and all the necessary equipment to maintain the day-to-day business operation. A list of assets will be supplied to the purchaser upon request. The 2022 yearly gross income represented by the owner is $516,000 and the business has a yearly net income of approximately $89,000 based on an owner-operated business and prior to debt service. The projected gross income is estimated at $550,000. Inventory is dollar-for-dollar estimated at approximately $75,000 and based on wholesale value. Cigarette sales yearly: $14,000.
- Asking Price:
- $325,000
- Sales Revenue:
- $516,000
- Cash Flow:
- $87,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business has an assignable commercial lease which expires 07/31/2027 plus additional options, with a monthly rent of $4,200, approximately $29.37 per square foot and rent security $8,000.
- Leasehold Rent:
-
$49,200 per annum
- Lease Rent:
- $27 per sq ft per annum
- Location:
-
This retail facility, which consists of 1,875 square feet, is located in a mid-size commercial mall near to numerous other active and successful businesses. This business opportunity is located in Northern New Jersey, Sussex County on an active county road and in an active commercial mall. The general area consists of various highly populated communities with continued demand for this particular food product.
- Premises Details:
-
Attractive and modern.
- Size in square feet:
- 1,850
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
-
To the best of our knowledge and due to limited liquor licenses, no other new competitors are expected near to this business and the owner has agreed to supply a satisfactory non-compete agreement to the purchaser.
- Reasons for selling:
-
The seller is presently absentee, with other employment and has now elected to retire from this industry.
- Trading hours:
-
Days of Operation: The business is active seven days per week, with hours from 11:00 am to 10:30 pm.
- Employees:
- This retail business has seven full and part-time employees who are presently unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $6,800.
- Years established:
- 1985
Other Information
- Support & training:
-
The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, owner financing is available for this transaction and possible SBA financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating
- Furniture / Fixtures value:
- $170,000
- Inventory / Stock value:
- $75,000
