Liquor Store

Managers

No

Employees

Regarding employees and payroll, this retail company consists of two part-time employees who are unaware of the sale pending. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing.

Inventory

$30,000

Listing Id

LQST487

Competition

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement with the purchaser.

Lease Option

Yes Available

Monthly Rent

3,300

Square Footage

2,000

Absentee Owner?

Yes

Financing/terms

Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Potential Growth

Regarding growth and expansion, the retail company can be further developed by improving the marketing, the delivery service, and evening hours and increasing the inventory above $35,000. Additionally, the company has a limited non-optimized web site and if adjusted it can further develop the yearly business sales.

Type Of Location

Commercial

Form Of Ownership

C Corp

Security On Lease

Two Months

Historical Summary

This is a thirty-year-old full-service retail liquor business.

Training & Support

Training and owner support, due to the owner’s illness, she is now hospitalized and cannot remain post-closing supply training and a transitional period.

Owner Hours Per Week

Absentee

Owner Qualifications

For Qualifications purposes; this business opportunity requires specific government licensing approval to purchase or operate other than the standard required municipal licenses.

Facilities Information

This business opportunity is in northern New Jersey, Bergen County, in the city of Teaneck, on a highly active county road. This business facility consists of approximately 2,000 square feet with a professional appearance. The business is in a free-standing retail facility conveniently located for its various customers.

Days & Hours Of Operation

Days Hours of operation; this business is active seven days per week, with hours from 11:00 am to 6:30 pm.

Reason for Selling

The purpose of this business transaction is due to the owner’s illness-retirement after many years of success in this particular industry.