Nice Liquor Store
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $215,000 |
$230,000 |
$13,930 |
Furniture and Fixtures Value:
$0 (included in the asking price)
Inventory Value:
$40,000 ( not included in the asking price)
Business Summary:
11 months recently purchased and revamped liquor store. Present owner placed past figures in the dust (this was the condition of old inherited inventory). New owner updated only placed brand name and suitable products – did away with outdated inventory. 11 months have passed projections should be within reach. New owner has taken an outdated store and turned it into a clean modern store with all stocked items in demand and with constant movement on them. This very clean store also sells gaming materials where the cost is 33%. Extremely profitable. Wages of $50,000 would go back to owner is they were to substitute the present owner. Full basement has sufficient parking, brand new delivery service has started and is taking off doubling every month. RIPS and Lottery account for $37,000. More than enough parking available. For further information please contact Thomas Mastromonaco at 908-851-9040 Ext. 271.
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| Year
Business was Established: 1948 |
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| Facilities / Terms of Lease:
1,560 sq. ft. with parking in the back for 22 cars, plus street parking available. Recently painted and cleaned up from previous owner, clean looking store |
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| Potential
Growth/Expansion:
Continue delivery service which is expanding at a phenomenal rate and doing it without advertising |
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| Competition:
This is main thriving store in area |
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| Owner
willing to finance:
Owner would take $49,000 in financing - terms negotiable |
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| Reason for selling:
Relocating |
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| REQUEST MORE INFO |
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