Retail Liquor & Lotto. LQST482

Price: $325,000 Location: Sussex County, New Jersey Industry: Liquor Store Listing ID: LQST482 Solid business opportunity for this retail liquor shop which also offers consumption income. Recently available to purchase due to owners’ retirement for this profitable retail liquor business located in Northern New Jersey in the county of Sussex. This combo business also offers liquor consumption services during specific hours and liquor tasting due to the type of New Jersey state issued liquor license. The yearly gross sales consist of 45% wine, 40% beer and 15 % liquor, no delivery. The business also has a state issued Lottery license which supplies additional cash flow. The facility has a twenty-customer capacity. This is a dependable business opportunity. The 2023 yearly gross income represented by the owner is $516,000 and the business has a yearly net income of approximately $89,000 based on an owner operator and prior to debt service. The projected gross income is estimated at $550,000. Inventory is dollar for dollar estimated at $75,000 and based on wholesale value. Cigarette sales yearly $14,000. The business has been priced at $295,000, which is based on a multiple of the yearly net income, with consideration of the particular business assets. Also, owner financing is available for this transaction and possible SBA financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating. Listing Details Revenue: $515,999 Cash Flow: $80,000 FFE: $170,000 (Included in Price) Inventory: $80,000 Reason For Sale: The seller is presently absentee, with other employment and has now elected to retire from this industry. Training & Support: The owner will remain post-closing in order to supply an appropriate transitional period to the new operator. Operation Year Established: 1985 Days & Hours of Operation: Days of Operation: The business is active seven days per week, with hours from 11:00 am to 10:30 pm. Owner Hours Per Week: absentee Non-Owner Payroll: $82,000 Employees: This retail business has seven full and part-time employees who are presently unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $6,800. Absentee Owner?: Yes Location Security on Lease: Two Months Lease Option: Yes, Available Monthly Rent: 4100 Type of Location: Active commercial Mall Square Footage: 1875 Relocatable?: Yes Facilities Information: This retail facility, which consists of 1,875 square feet, is located in a mid-size commercial mall near to numerous other active and successful businesses. This business opportunity is located in Northern New Jersey, Sussex County on an active county road and in an active commercial mall. The general area consists of various highly populated communities with continued demand for this particular food product Summary Historical Summary: This is a forty-year-old full-service retail liquor and pub. Owner Qualifications: This industry requires NJ State government agency approval to purchase due to the transfer of the liquor license. Competition: To the best of our knowledge and due to limited liquor licenses, no other new competitors are expected near to this business and the owner has agreed to supply a satisfactory non-compete agreement to the purchaser. Potential Growth: Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales. Financing/Terms: Also, owner financing is available for this transaction and possible SBA financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.