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Liquor Store

Union County, New Jersey

Asking Price: Gross: Cash Flow:
$425,000 $700,000 $56,000

Furniture and Fixtures Value:
$50,000 (included in the asking price)

Inventory Value:
$40,000 ( not included in the asking price)

Business Summary:
These are projected sales figures for 2010. Store sales were $800,000 a year for 2007 + 2008. Store closed 2-3 months 2009-lost sales and now sales coming back. Store has approx. $50,000 in furniture, fixtures and equipment- licensed value approx 225-250k. Other expenses- cleaning and sanitation 2,934. Bank charges 1,092. Other supplies 1,672, payroll prep fees 1,225, fees and licenses 187 and security system 481. Store to be relocated in a new strip mall, same site, 2,900sq.ft- 7,000 a mo rent for the new 2011 year. For further information, please contact 908-851-9040 and ask to speak with Howard Goldberg at Ext 209.

 
   
   
Year Business was Established: 1975
   
Number of Employees: 1Ft/1PT  
   
Facilities / Terms of Lease: 1800sq.ft store on a very busy main street currently month to month lease. Store to be relocated in a new 2,900sq.ft space and get new lease.  
   
Owner willing to finance: 3-5 years @ prime rate  
   
Owner willing to train: 2 weeks  
 

 

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