This long-standing retail liquor deli business has been active for the past fifty years, serving its North Jersey, Hudson County customers with quality product and service. The company has a consistent gross income and a dependable net yearly income. This retail business represents 25% deli, 50% liquor, 25% convenience and has a $21,000 net yearly Lotto income. They are a family-owned retail liquor business serving their neighborhood and adjoining communities. They are committed to providing their customers with great service and friendly expert advice and they recognize that it is your appreciation and your satisfaction that is important, and that is what will always be most important. This is a dependable safe business opportunity.
- Asking Price:
- $100K - $250K Furniture / Fixtures included
- Sales Revenue:
- $250K - $500K
- Cash Flow:
- $50K - $100K
- Real Estate:
- Lease Terms:
The business transaction has an assignable commercial lease which expires 2030, plus additional options available, with a monthly rent of $2,750, cost per square foot is estimated at $22.29, and rent security of approximately $5,000.
- Leasehold Rent:
$33,000 per annum
- Lease Rent:
- $19 per sq ft per annum
This successful retail facility which consist of approximately 1,750 square feet large storage basement and has a clean and professional appearance. This liquor business is on an active commercial avenue near to various national business operations which attract many daily shoppers and workers. This opportunity is in Northern New Jersey, Hudson County, which consists of various highly populated communities with continued demand for this industry.
- Size in square feet:
- Expansion Potential:
The business can be further expanded by the new operator, presently has a limited marketing plan, no local advertising, no web site, also increase the liquor inventory and if improved can further develop the business yearly gross sales.
- Competition / Market:
No new liquor licenses are available to this city and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
The purpose of this business transaction is due to the owner retirement after many years.
- Trading hours:
This retail liquor business operation is active seven days per week, with hours from
6:00 am to 9:00 pm.
- This retail liquor business consist of two full time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $1,950.
- Years established:
- Support & training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $175,000 - included in the asking price
- Inventory / Stock value: