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Listing ID: 2871146

Retail Liquor Store & Property For Sale

Union, New Jersey, United States

$ 495,000

(Furniture / Fixtures included)

Revenue: $ 322,101

Cash Flow: $ 86,000

Business Description

Excellent business opportunity for this retail liquor business which includes the property, liquor license and all assets. The business has a gross yearly income of $322,101, plus undisclosed income, and a net yearly income of $86,000. This forty-year-old business has a consistent yearly income which can be further developed with an onsite owner operator. Due to the NJ state issued liquor license this transaction requires government licensing approval to purchase. This company has two-part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $2,300. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,275 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $235,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped commercial retail liquor business, which includes a distribution liquor license, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking nearby to the business. This successful retail liquor business operation is active seven days per week, with hours from 4pm to 10pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The sale which includes the real estate and distribution liquor license has been valued at $495,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a substantial investment return to the owner operator prior to debt service. Based on a 25-year payout at 5% interest, 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Details

Size:

1275

Property Type:

Real

FF&E:

$ 235,000

Inventory Value:

$ 45,000

Other Details

Business Location:

This retail liquor business in located in active urban city, Northern New Jersey, in the County of Union. The facility is conveniently located on a county road with lots of drive by vehicles. The business facility which consist of 1,275 square feet has is designed for customer convenience and quick service.

Competition:

Competitors presently exist in the area, however due to limited liquor licenses, 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.

Expansion Potential:

The business presently has a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.

Operation Details

Employees:

2

Support & Training:

The seller / owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.

Miscellaneous

Financing Available:

Yes
Can be available to a qualified buyer with an appropriate down payment.

Reason For Selling:

The sale is due to the owners’ relocation out of the general area.

Contact this seller

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