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Businesses For Sale > Business For Sale in Bergen County, New Jersey (NJ)

Wine, Liquor & Lotto for sale in Bergen County, NJ

Bergen County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 375,000 $ 752,568 $ 85,000

Furniture and Fixtures Value:
$ 350,000 (included in the asking price)

Inventory Value:
$ 125,000 (not included in the asking price)

Business Summary:
Wonderful business opportunity for this wine, liquor & lotto business is priced to sell and located in Northern New Jersey, Bergen County and minutes from the George Washington Bridge. The business produces gross yearly sales of $14,500 weekly and a consistent net yearly income to the owner operator. This profitable two thousand square foot facility is conveniently located on an active county road with appropriate parking. This business has two-part time employee who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,950. The business has an assignable commercial lease which expires September 30, 2028 plus additional options, with a monthly rent of $7,000, cost per square foot is $42.00 and rent security $19,500. The company has approximately $125,000 of marketable inventory that purchaser will be responsible to purchase. The business is active seven days per week, with hours from 11:00 am to 10:00 pm. The business has been valued at $375,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service and has substantial growth potential. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this business.

 

   
Year Business was Established: 1995
   
Number of Employees: 2  
   
Facilities / Terms of Lease: The business is located in a highly populated urban city with a huge volume of businesses that attract daily shoppers and workers. The business is located in Fort Lee, Northern New Jersey, Bergen County, near the George Washington Bridge. This retail facility which consist of 1,995 square feet has a clean modern professional appearance. The business is also located on an active commercial avenue with various other successful businesses.  
   
Potential Growth/Expansion: The business requires on site management, presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.  
   
Competition: Due to the valuable and unavailable liquor license and 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.  
   
Owner willing to finance: Is considered to a qualified buyer with an appropriate down payment.  
   
Owner willing to train: A training period will be supplied, and the owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.  
   
Reason for selling: The present owner is semi absentee and will be involved in alternative business.  
   
Seller Reference Number: LQST387
BusinessMart.com Listing Number: 236538
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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