Bergen County retail liquor business located on an active county road and a highly populated commercial avenue. The business has a gross income of $650,000 and a consistent net yearly income with additional growth and expansion. This is a dependable safe business opportunity and based on the asking price, and continued yearly net income, this business expects to supply a consistent return on investment to the owner operator. The sale includes a valuable NJ state issued distribution cigarette license.
- Asking Price:
- $250K - $500K Furniture / Fixtures included
- Sales Revenue:
- $500K - $1M
- Cash Flow:
- $100K - $250K
- Real Estate:
- Lease Terms:
The business has an assignable commercial lease which expires 07/31/2023 plus an additional five-year option, with a monthly rent of $4,500, approximately $30.00 per square foot and rent security of two months.
- Leasehold Rent:
$54,000 per annum
- Lease Rent:
- $30 per sq ft per annum
This retail facility which consist of approximately 1,800 square feet is located in a mid-size commercial mall with various other active and successful businesses including a Shop Rite food mart.
- Premises Details:
This business opportunity is located in Northern New Jersey, Bergen County on an active county road and in a large successful commercial mall. The general area consists of various highly populated communities with continued demand for this particular liquor / food product.
- Size in square feet:
- Expansion Potential:
The business presently has a limited marketing plan, No web site, and can increase its inventory which can increase the business 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 retiring after many years in this industry.
- Trading hours:
The business is active seven days per week, with hours from 10:00 am to 10:30 pm.
- This retail business, in addition to the owner operator, will require two-part time employees who are presently unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $2,200.
- Years established:
- 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:
seller financing is considered to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $350,000 - included in the asking price
- Inventory / Stock value: