Retail Liquor & Lotto
| Asking Price: | $450,000 |
| Gross Revenue: | $532,128 |
| Rent: | $2,200/Month |
| Established Year: | 2000 |
| Cash Flow: | $151,000 |
| Inventory: | $100,000 |
| FF&E: | $165,000 |
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 business fixed assets have an estimated value of approximately $165,000 which is specifically based on the value of the liquor license and existing equipment. This transaction consists of a fully equipped commercial retail store, which includes, a distribution liquor license, required municipal licenses, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. 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.
