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High Volume Liqour Store

RetailFor Sale in NJ

Financial & Assets Details

$833,000
$100,000
$200,000

About the Business

Business Description

High Volume Retal Liquor business with real estate available in an urban area of Passaic County, northern New Jersey. This long standing fifty-year-old business located in the highly popular urban municipality and offers the option to purchase the property. The company has a yearly gross income of $833,280 and will evidence a substantial net yearly income to an owner operator. This seven-day operation maintains standard hours from 10:00 am to 10:00 pm. Although the facility is located in a highly urban area, during its long existence, it has never had a criminal incident and is considered a generally safe area to the residents. The owner functions semi part time, approximately six hours per day and will train. SBA financing has been pre-approved for this excellent business opportunity. This is a profitable business opportunity and based on the asking price, down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Based on a 25-year payout, approximately 20% to 25% down payment, purchaser expects to obtain a consistent return on investment after debt service.

Listing ID: LQST462

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