This is a must see opportunity for an experienced operator to own a high volume liquor store & sports bar in a densely populated town. Opened 3 1/2yrs ago, the business has grown rapidly & has tremendous upside revenue and profit growth with the addition of additional income streams and a renegotiated lease.
This 7,400 sqft building is in a strip center with residential apartments above (underground parking), and separate parking lot for customers only. The business has an exclusive Broad C license which allows a fully licensed bar and liquor store to exist in the same building. The customer is presented with a dominate liquor and wine selection and an updated sports bar with massive screens, pool table and games and can be used for meetings and events. Sales are 40% beer, 40% wine, and 20% liquor. To expand customer traffic, the “market place” was added with convenience and tobacco products. To meet customer’s growing demand for delivery service, a vehicle was recently purchased. There is also an ATM which is owned by a third party and the owners have applied for the Lottery.
The lease is also very attractive with under market rent and increases that are tied to revenue growth so that margins will be protected going forward. The owners are non-working partners without industry experience, and internal issues are forcing the sale. This business is turnkey but needs an experienced owner to manage the staff who are very skilled but need the proper guidance that an experienced operator can provide.
Business is offered at $1,375,000, with a down payment of $1,100,000 with the owner willing to finance the $275,000 balance with terms to be negotiated. The purchase includes the liquor license valued at $400,000. Inventory, estimated at $300,000-$400,000, is separate.
For further details, contact Broker Paul Holveck @ 908-851-9040 x277.
partnership is separating
owner will assist in the transition for two weeks