High volume liquor store located in an urban city, Northern New Jersey and in a highly active area of Union County. The business which has a gross income of $1,400,000 is on an active commercial avenue with various other successful businesses. The business has a 2015 net yearly income of $250,928 and seller financing is available to a qualified buyer. The sale includes a long term lease and lotto approval. This is an excellent business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator. This industry requires state government agency approval due to the liquor license. This retail liquor store consists of 2,400 square feet with a modern clean and professional appearance. The business location is on an active commercial avenue with various other businesses which attract a large volume of daily shoppers. The business is located in Northern New Jersey, Union County, which consists of various highly populated urban communities with continued demand for this food product. This particular business has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $9,950. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $3,500 and rent security $6,500. The business facility which consists of 2,500 square feet has a capacity for approximately twenty-five customers. The sale includes a fully equipped liquor store with a valuable distribution liquor license estimated at $285,000, displays, refrigeration & freezer units, POS system, shelving, POS system, tables, computers, accounting software including all the necessary equipment to maintain the day to day business operation. The facility has adequate municipal parking nearby to the facility. The business is active seven days per week, with hours from 10:00 am to 10:00 pm. The sale includes a valuable distribution state issued liquor license, a certificate of occupancy from the particular municipality and the required license approval from the city for additional products. The owner will remain post-closing for 30 days and supply a transitional period. The owner is retiring after many successful years in this food industry. The business can be further developed with an additional marketing plan. Due to the valuable liquor licenses, to the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 gross yearly income is $1,400,000 and a yearly net income of $250,000 This sale is based on a multiple of the net yearly income along with the value of the assets, seller financing has been tentatively approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Aug 25, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.