MergerPlace

Liquor Store Bonanza near Lincoln Tunnel

New Jersey (Hudson)


  • Asking Price: $850,000
  • Gross Income: $1,461,149
  • Cash Flow: $168,648
  • Real Estate: Not Disclosed
  • Inventory: $150,000
  • FF&E: $150,000
  • Listing ID: #202438
  • Established: 7
  • Employees: 4

Business Description

ABSENTEE RUN – Additional Cash Flow of 50k should be added for an Owner Operator. Revenue has almost doubled in 3 years. Sales include Lottery/ATM 7k and RIP 6k. Excellent location near Lincoln Tunnel exit. Attract NY buyers. Rent extremely low and below market value. Sales are 40% Wine, 30%, Beer, 30% Liquor. D License value 120k. Located in an extremely safe and clean area; saturated with apartment houses. Rapid resurgence with building development in area. Store still going thru rapid growth period. Additional years of increased volume are inherited. Landlord will extend lease option.


Business Details

Primary Business Category: Retail Trade - Liquor Stores
Location: New Jersey
County: Hudson

Company Information

Year Established: 7
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $850,000
Gross Revenue: $1,461,149
Cash Flow: $168,648
FF&E: $150,000
Inventory: $150,000
Seller Financing Available: Yes

Property Information

Facilities:

Well-kept store surrounded by apartment dwellers; below market lease; plenty of refrigeration; price and overhead for this store can give competitors nightmares.

Growth & expansion opportunities:

In this ripe developing area continued growth will continue to prosper

Competition:

This specific store has upkeep advantages that other competitors cannot meet due to upkeep; location mainly & terrifically lease hard to compete against

Reason for selling:

Partnership issues

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Vito Matromonaco

Executive Business Brokers