Essex Liquor Store plus Building Rental for sale in Essex County, NJ

Business Summary:
This liquor store works at a 35% markup. Beer over 40%, Wine 50%, Liquor 35%, $1,000 weekly cigarette sales; bring down markup to 35%. Store sales heavy on singles, ½ pints and pints (Liquor) all at heavy markups. Store located in well lighted and secure area of city with very large educational facility located directly across street. Inhabitants in this area of city walk to this destination point for lottery and liquor. Street has 2 interior walls with 16 door refrigerator, cooler and key making machine building on 1st floor contains 2 other stores as tenants one 500sq.ft. Rent $1,023 another 600sq.ft paying 1,284 monthly. Second floor has 4 apartments two rents are 700 two are 750 monthly. Total net cash flow of store 181,613 and rental income 62, 484 is 244,097. Building has basement where liquor store has storage and tenants have use of dryer and washing machine. Store never had any problems and license is clean. License is worth $140,000. Liquor store can be enlarged working owner takes out salary of $31,200. At present owner is setting up separate utility meters for all tenants so they would pay their own bills. For further information, please contact 908-851-9040 Ext 285