Retail Liquor Lotto

Seller Financing Available

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 $487,325 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 $525,000. 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 $325,000, 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. The business assets have an estimated value of $170,000 which is based on replacement costs and the sale consists of a fully equipped a C type 33 retail liquor business, which includes 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.