Recently available to purchase due to owners’ retirement for this profitable retail liquor business located in Northern New Jersey in the county of Sussex. This combo business tavern and retail liquor sales has a gross income of $487,350 and a consistent net income the operator. The yearly gross sales consist of approximately 45% wine, 40% beer and 15 % liquor, no delivery. The business also has a state issued Lottery license which supplies additional cash flow. The facility has approximately twenty-customer capacity. This is a dependable business opportunity.
- Asking Price:
- $299,900 Furniture / Fixtures included
- Sales Revenue:
- $487,325
- Cash Flow:
- $85,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$50,400 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.
- Size in square feet:
- 1,875
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 - included in the asking price
- Inventory / Stock value:
- $70,000
