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Established Liquor Store/Bar, Strong Legacy

Teaneck, NJ, USA
Updated 195 days ago

Was generating average of $1.5M in annual revenue, driven by the sharp business acumen of its original owner. Sadly, after her passing, the store was taken over by her husband. While well-intentioned, he lacked retail experience and has struggled to maintain operations. He's ready to step aside, creating a rare opportunity for a seasoned buyer to restore. Financial statements available to show history! A Type 33 liquor license included. Type 33 is a Plenary Retail Consumption License that allows the sale of alcoholic beverages for both on-premises and limited off-premises consumption. New long term lease available. Great corner location with parking on both sides of the building. Corner of town's main road and residential road. New development across the street. Liquor store plus bar operation.

Buyer Fee?

No

Franchise?

No

Real Estate?

No

Relocatable?

No

Principals Only?

No

Willing To Co-broke?

Yes

Represented By Broker?

Yes

Financials

Asking Price
$500K
RevenueMost Recent Year
$856K
Earnings (SDE)Last Reported
$122K
Assets Value
Undisclosed
Seller Financing
Not available

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