Business Summary:
A widely known and popular combination Liquor Store & attached Bar Restaurant located in an excellent area of upper Passaic County, New Jersey. This ample 5,000 square foot facility boasts an attractive image & enjoys a good reputation for quality food, drinks and entertainment. The facility also includes a large parking lot for over 100 vehicles. The business generates annual sales of $2,330,000 with a net income of approximately $275,000. The business is located in an active business district and shopping area. A valuable Liquor License is included in the sale. An excellent opportunity to own multiple businesses!
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| Year
Business was Established: 1986 |
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| Number of Employees:
20 |
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| Facilities / Terms of Lease:
The building square footage is 5,000 on one main floor with an additional 5,000 square foot basement that has been converted into a catering room for private events. The seller will provide a 15 year lease with an annual rent of $96,000 and an option on the purchase of the real estate property, which is available through our real estate division. |
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| Potential
Growth/Expansion:
With updated marketing and additional promotional activity, the business willl maintain or increase its present income. |
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| Competition:
The business location was established over 70 years ago and is somewhat of landmark in its community. A popular business with a great reputation. |
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| Owner
willing to finance:
Financing is available for a qualified purchaser |
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| Owner
willing to train:
Seller will provide a complete due diligence and transitional period. Sale is subject to the successful transfer and approval of the liquor license. |
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| Reason for selling:
Retirement |
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Seller Reference Number: LQST107
BusinessMart.com Listing Number: 68950 |
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on this business
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