NEW JERSEY WHOLESALE DEALERS’ CIGARETTE LICENSE

Financial & Assets Details

About the Business

Business Description

Most unusual opportunity to own a Wholesale Dealers Cigarette license in the state of New Jersey which is quite difficult to obtain. Eligibility is based upon the fact that the applicant sells or intends to sell cigarettes to licensed retail dealers or its own retail outlets.

Eligibility for a Distributor’s license is based on the fact that the applicant will be a direct buyer of cigarettes from a manufacturer. A letter from the manufacturer(s) confirming this must be submitted with the application (Form CWD-1), which must be submitted in the original and one copy.

Distributors and wholesale dealers are required to secure a separate license for each place of business, whether established or temporary, from which cigarettes are sold or intended to be sold.

The Division of Taxation reserves the right before issuing a Distributor’s License or Wholesale Dealer’s License to conduct a thorough investigation of the activities of the applicant and its principals. Any misrepresentation found in this application shall be cause for rejection or revocation of the license.

This can be a highly profitable business opportunity and based on the asking price, and projected net yearly income this business expects to supply a consistent return on investment to the owner operator.

Seller Financing

To be determined

Market Competition:

Regarding competition, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Location Details:

This business opportunity will require the purchaser to lease or purchase a commercial location in the state of New Jersey to conduct its operation.

Support & Training

Training and owner support, the owner is prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Reason for Selling:

Retiring