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Tavern & Liquor Store & Property
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $700000
Net Profit / Cash Flow $175000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1980
Number of Employees 1 - 3
Inventory 375000 Equipment only
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The seller will supply a full transitional period and remain forty five days post closing.
Reason for Sale Retiring after many years of success in this particular industry.
Description Quality business opportunity to own this Tavern & Liquor store with real estate in a wonderful area of Morris County, NJ. The sale includes an active business and property which consists of three residential units with a yearly rental income of $39,000 plus $48,000 for the liquor store or a gross income of $87,000. The sale includes a valuable liquor license with no violations. The sale is due to owner's retirement after many successful years in the industry and owner will assist with financing to a qualified purchaser. The business offers retail sales and a bar area for liquor consumptions. The three buildings are in excellent condition with an attractive image and have been upgraded over the past few years. The business has a yearly gross income of $700,000 which can be further developed with on site ownership. This is a wonderful opportunity with substantial growth potential. The facility consists of 2,700 square feet in an attractive free standing building with a modern design. The business has duel entrances and is designed with separate areas consisting of the liquor store and the tavern with kitchen. The property has a five room apartment on the second floor and two separate single family residential rental units.
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