Unique Wine Importer/ Distributor
Bergen County, NJ
| Asking Price: | $495,000 |
| Gross Revenue: | $675,000 |
| FF&E: | $25,000 |
| Cash Flow: | $197,300 |
| Inventory: | $100,000 |
| Established Year: | 2011 |
Listing ID: 2085587Listing provided by BizBuySell
BUSINESS DESCRIPTION
Unique importer/distributor of draft wines in kegs which is a new trend to serve wine. Also, sell bottled wine of their own brand and represents other brands. Just acquired distribution of two national brand wines. Has two out of state distributors, sells to ShopRite and over 100 restaurants, bars, and wine shops. 2020 sales were $800,000. Sales in 2021 were $1,000,000. In 2022 sales were $675,000 due to losing one distributer. However, in 2023 the business is expected to do over $1,000,000. Due to new national brands, selling soda waters to Soho hotels, expected New Jersey law for wine and beer licenses to all restaurants. Will consider partnership!
Hours of Operation: Mon-Fri (10am-4pm)
DETAILED INFORMATION
Location
Bergen County, NJ
Inventory
Not Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
No competition around
Growth & Expansion
Just got two national brand wine representation. Expect NJ to approve new law to allow all restaurants to have wine & beer license by July 2023.
Financing
Yes, $350,000 + 5% interest
Support & Training
Up to 1 month
Reason for Selling
Moving out of state
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