Retail Liquor & Lotto. Lqst484

Price: $525,000 Location: Hudson County, New Jersey Industry: Liquor Store Listing ID: lqst484 Owner retiring from this profitable Retail Liquor and Deli business in a wonderful area of Hudson County, Northern New Jersey. The business has an average gross yearly income of $521,000 and a yearly net income of approximately $150,000 which includes lotto and non-liquor income and discretionary income. This business originated in 1967 and has a successful reputation. The owner will sell the business with a long-term lease at a reasonable rent expense. This is a dependable safe business opportunity, and this business expects to supply a consistent return on investment to the owner operator. The 2023 yearly gross income represented by the seller owner is $532,128 which includes discretionary income and a net yearly income of $151,000. The 2024 gross income continues to increase, based on an onsite owner operator and prior to any debt service. Also, due to a percentage of possible non-disclosed income, formal due diligence is recommended to the purchaser. The business has been valued / priced at $450,000 which is based on a multiple of the net yearly income and the value of the business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity. Listing Details Revenue: $532,100 Cash Flow: $151,000 FFE: $165,000 (Included in Price) Inventory: $100,000 Form of Ownership: LLC Reason For Sale: The purpose of this business transaction is due to the owner’s age and desire to retire. Training & Support: The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Operation Year Established: 1985 Year of Last Acquisition: 2022 Days & Hours of Operation: This successful liquor deli business operation is active seven days per week, with hours from 10:00 am to 9:00 pm. Owner Hours Per Week: Part time Employees: Regarding employees and payroll, this liquor company routinely has three full and part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $5,800. Absentee Owner?: Yes Location Security on Lease: 3,000 Lease Option: Yes Available Monthly Rent: 2200 Type of Location: Commercial Square Footage: 1800 Relocatable?: Yes Facilities Information: This retail facility, which consists of approximately 1,800 square feet plus a large basement used for storage has a clean professional appearance. The business is on a commercial avenue in an urban working-class community with various other active and successful businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of various cities and highly populated communities with continued demand for this industry.