Liquor Wine Business

Edgewater, NJ

Seller Financing Available

High Volume Liquor
Asking Price:$895,000
Gross Revenue:$2,790,000
Rent:$20,000/Month
Established Year:2016
Cash Flow:$200,008
Inventory:$200,000
FF&E:$550,000
BUSINESS DESCRIPTION

Stunning modern Liquor store in an affluent community, Northern area of New Jersey, Bergen County with gross yearly sales of $2,900,000. This three thousand square foot facility has a consistent gross income and a substantial net income to the owner operator. The sale includes a valuable distribution liquor license with a $450,000 value. The business has a rather substantial percentage of wine sales with a solid market up to the owner operator. The sale includes a long-term lease at a reasonable monthly rent cost. The business is located on an active commercial avenue with numerous businesses that attract a large volume of consistent shoppers. The sale is due to the owner partnership separation. This Wine Liquor Shop is a full-service wine shop featuring a broad but eclectic selection of wines, beers, and liquors. It has a tasteful atmosphere with a marble counter, gleaming hardwood floors, classical music, and ceiling fans. Based on the asking price, required down payment and net income this business will supply a consistent return to the owner operator prior to debt service.


DETAILED INFORMATION
Location
Edgewater, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,800
Lease Expiration
02/02/0035
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facility consists of 3,000 square feet in an attractive setting with substantial municipal parking near to the business. The facility has a full menu of wines and liquor to service its customer base.
Competition
This general area has limited competitors, and the seller has agreed to supply a long-term non-competitive agreement to the new operator.
Growth & Expansion
A new operator can institute an improved marketing advertising plan to further develop the business income to the owner operator.
Financing
To be determined.
Support & Training
The seller will remain post closing for 30 days and supply a long-term transitional period.
Reason for Selling
Sale is due to a partnership separation.
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Ron
Cervelli
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Ron Cervelli