This one-year-old ultra-modern retail liquor business is now available and stands out from large chains by providing friendly service and knowledgeable in-store consultants. The owner is an investor, an absentee, and is prepared to sell with owner financing. Also, own financing is available for this transaction with a 30% down payment to a qualified buyer with an appropriate down payment, collateral, and credit rating. Their expert team offers a wide range of services, such as complimentary planning consultations, discounts, delivery, and easy returns. The company projects one million in yearly gross sales during the next twelve months and a highly profitable markup for the operation. The company has a valuable New Jersey retail distribution liquor license with quality equipment included in the transaction. This is a dependable, safe business opportunity, and based on the selling price, required down payment, and yearly net income, this business expects to provide a consistent return on investment to the owner-operators.
- Asking Price:
- $599,900
- Sales Revenue:
- $500K - $1M
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer an assignable commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $6,564, cost per square foot is approximately $36.60 and rent security is required.
- Leasehold Rent:
-
$78,768 per annum
- Lease Rent:
- $37 per sq ft per annum
- Location:
-
The business is located in a densely populated affluent community of Essex County, New Jersey on an active county road near to major state highways and hundreds of other retail companies. This liquor retail shop has an excellent commercial location servicing numerous communities with continued need for this personal service.
- Premises Details:
-
This business opportunity is in northern New Jersey, Essex County on a highly active county road. This business facility consists of approximately 2,188 square feet with a modern, attractive, and professional appearance. The business is in a commercial retail facility conveniently location for its various customers.
- Size in square feet:
- 2,188
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, this is a newer liquor operation and requires time to develop. Also, 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:
-
Regarding competition, to the best of our knowledge, 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 to be absent from the company and residing out of the general area.
- Trading hours:
-
Days Hours of operation; this business is active seven days per week, with hours from 10:00 am to 10:00 pm, Sunday 10:00 am to earlier.
- Employees:
- Regarding employees and payroll, this retail company consists of four full and part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $10,000.
- Years established:
- 2023
Other Information
- Support & training:
-
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, owner financing is available for this transaction with 30% down payment to a qualified buyer with an appropriate down payment, collateral, and credit rating. SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $690,000
- Inventory / Stock value:
- $120,000
- Relocatable:
- This business can be relocated.
