Hot Listing
Retail Liquor & Lotto
Business Description
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 $380,000 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.
About the Business
- Years in Operation
- 25
- Employees
- 3
- Facilities & Assets
- 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.
- Market Outlook / Competition
- Regarding competition, to the best of our knowledge, due to the unavailability of the required distribution liquor license, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Opportunities for Growth
- The business can be further expanded by the new operator, with a delivery service and an improved marketing plan, which can further develop the business’ yearly gross sales.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $2,200.00 per month
- Lease Expiration
- 11/1/2030
About the Sale
- Seller Motivation
- The purpose of this business transaction is due to the owner’s age and desire to
- Transition Support
- The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
- Financing Options
- Also, seller financing has been conditionally approved to a qualified buyer with an a
Listing Info
- ID
- 2305964
- Listing Views
- 5666
Listing ID: 2305964 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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