Profitable Liquor Store
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1311500
Net Profit / Cash Flow $192000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 1 - 3
Inventory 325000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The Seller with remain thirty (30) days post closing to offer a full transitional period.
Reason for Sale The owner has alternative businesses that require his full time attention.
Description Highly profitable liquor store business has been in business since 1994. It is conveniently located on a main county road nearby to a train station, and an active University which generates a great deal of income. This store is known as the place to go to get good service and quality discounted liquor in the area. This business has been growing in sales over the past three years in spite of the ongoing economy and recession. Inventory is estimated to be $275,000 and is to be paid dollar for dollar. This business will show gross sales of $1,311,500 with a net to owner of $192,000. This is a great opportunity for someone who wants a solid net income as well as a steady consistent clientele base. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. Business continues to grow as time goes on for this store, it should be seen in order for it to be fully appreciated. Please call for further information. This facility consists of 2,000 square feet in a main level store front with a clean attractive image. The business also has a 1,000 square feet basement which is used for inventory storage. Located on a main street and county road which has a great deal of walk by shoppers and car traffic? The general area consists of various large cities that represent highly populated urban communities.
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