MergerPlace

Potential Wine Oriented Liquor Store

New Jersey (Bergen)


  • Asking Price: $150,000
  • Gross Income: $300,000
  • Cash Flow: $43,730
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $35,000
  • Listing ID: #203451
  • Established: 6
  • Employees: 2

Business Description

Compact Liquor Store w 50% B25 L24 MSI%. Store operated by 2 partners. Perfect purchase for a wine know ledged owner. Should have passion for better wines and develop this trade based upon a good background in wines. Located on main business street Teaneck. Presently sells large amount of better kosher wines; can be expanded. Store has to be revamped to display a better selection of well-known and more expansive class of wines. This area would be responsive to better wine connoisseurs. No lottery here has been approved for it. One year left on present lease. Has two five year options that new owner can sign up for potential for huge upside. D License in Teaneck valued at 175K. Has elevator for basement use.


Business Details

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

Company Information

Year Established: 6
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $150,000
Gross Revenue: $300,000
Cash Flow: $43,730
FF&E: $35,000
Inventory: $30,000
Seller Financing Available: Yes

Property Information

Facilities:

Small compact liquor store, plenty of parking, street with municipal lot in back, store layout has to be improved, owner can sign for new lease for10 years plus

Growth & expansion opportunities:

Developing this location as a wine orientated facility. In this wealth community there is no known competition. Approved for lottery-not there at present time.

Competition:

Compact Liquor Store- no near by stores, this store can be developed as a good wine store. Needs new owner to develop this type of operation.

Reason for selling:

Retirement for both partners, one is ill.

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Vito Mastromonaco

Executive Business Brokers