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Liquor Store & Property for sale in Passaic County, NJ

Passaic County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 650,000 $ 800,000 $ 150,000

Furniture and Fixtures Value:
$ 175,000 (included in the asking price)

Inventory Value:
$ 40,000 (included in the asking price)

Real Estate:
(included in the asking price)

Business Summary:
High Volume Liquor store business with real estate in an urban area of Passaic County, New Jersey. This long standing business located in the municipality of Paterson, NJ has a yearly gross income of $800,000, and will evidence a 2010 net income of $150,000. The sale which includes the property has one residential rental unit with an income of $15,600 yearly. This seven day operation maintains standard hours from 9:00 am to 10:00 pm. Although the facility is located in a highly urban area, during its long existence, it has never had a criminal incident and is considered a generally safe area to the residents. Walk in boxes, refrigeration units, counters, displays and distribution liquor license.etc. The building has a legal capacity for 22 customers consisting of 1,500 sq ft, on one main floor with a full basement. Adequate municipal parking is on the site and convenient to its customers. The business has a seven day operation hours from 9:00 am to 10:00 pm. The business has a New Jersey State Distribution Liquor license to sell this product. The seller is absentee and will train, SBA financing has been approved. Excellent opportunity representing a dependable income.

 

   
Year Business was Established: 1960
   
Number of Employees: 3  
   
Facilities / Terms of Lease: The facility consists of 1,500 square feet in a commercial store front with a storage room and full basement. The business has a large walk up counter to serve its customers. Located in an urban area of Paterson, Passaic County, New Jersey in a densely populated urban community and on an active county road.  
   
Potential Growth/Expansion: With continued good service and product this business will maintain its cash flow.  
   
Competition: No other liquor store competitors exist in this particular area and seller will supply a non compete agreement to the purchaser.  
   
Owner willing to finance: Seller financing is available for a qualified purchaser.  
   
Owner willing to train: The seller will remain after closing and supply a long term transitional period.  
   
Reason for selling: The owner is semi absentee and is retiring out of the industry after many years.  
   
Seller Reference Number: LQST165
BusinessMart.com Listing Number: 113250
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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