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Liquor Store & Lotto
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $720000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 1 - 3
Inventory 375000 Equipment only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply a full training period and remain post closing for 30 days.
Reason for Sale Retiring after many years of success in this particular industry.
Description Ultra modern liquor store in an active commercial mall and on a major highly active state highway of Middlesex County NJ. This three year young retail liquor store has a beautiful image and continues to develop and increase its gross sales. The business has a very valuable 32 Broad Class liquor license, which has an real value of $225,000 and allows the business to sell retail products and serve products for consumption purposes. The additional advantage of this license is to offer wine tasting and to obtain a further income from consumption liquor service. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service. The business has been approved for Lotto representing a $3,300 additional income. This newer business has a gross income of $720,000 and continues to develop its net income. Owner financing is available to finance the sale with an appropriate down payment to a qualified buyer. The sale includes walk in refrigeration units, broad C liquor license, numerous displays, counters, shelving, POS computer system, full wet serving bar with all the accessories and equipment required to maintain the business. This is a solid opportunity and should be seen to fully appreciate. This ultra modern facility which is three years young consists of 3,000 square feet with a beautiful state of the art design and attractive image. The business consists of new, high valued equipment which will remain post closing. A section of the facility has an attractive lounge serving bar area with a seating capacity for twelve customers and substantial storage.
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