Passaic County Liquor Store/Pub
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $485,000 |
$400,000 |
$252,830 |
Furniture and Fixtures Value:
$70,000 (included in the asking price)
Inventory Value:
$4,000 ( not included in the asking price)
Business Summary:
When you compare all figures this is really more than a realistic purchase broad C liquor license valued at $300,000 Pub/liquor store now showing over $250,000 new cash flow, equipment at 70,000 all for the fantastic price of $485,000 less than 2 times the true cash flow. Buying a business that news over 250k in 110k thats how figures represent this purchase. Liquor store concept fairly new. Store has 12 car parking in own lot plus all parking needed on surrounding street. No visible competition (liquor store) in area. Place is extremely successful and operates semi-absentee. Owner is also landlord and would give buyer excellent 20 year lease. Pub does over $17,000 on St. Pattys Day. New owner to increase sales and new profit can do many innovations sell cigarettes and fast food, put in lottery (present owner has applied for it) plus delivery. Pub busy every night although there area no specials nightly. Rear of pub being reset for a 3 walled liquor store set with shelving no liquor store to the north of this highway located facility for several miles. Easy to pick up many new customers because of its easy access location. Seats 20 at bar plus sittings at tables near bar. Has game machine, ATM, Juke Box for extra income. This place will talk you into the sale by going into it in the evening. For further information please contact us at 908-851-9040.
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| Year
Business was Established: 1953 |
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| Number of Employees:
6 |
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| Facilities / Terms of Lease:
1,800 sq. ft. facility. With liquor store being added to rear of pub parking for 12 cars. All mechanical equipment fairly new. Landlord owner is giving a great lease. |
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| Potential
Growth/Expansion:
As above lottery (applied for, cigarette sales and delivery will increase customer number there is room for fast food kitchen also increasing Pub restaurant that goes from day to day without any specials except for Sunday. |
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| Competition:
Only one D license within this town and that store not on highway delivery, lottery, and cigarette sales will add to volume. |
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| Owner
willing to finance:
Owner will finance $80,000 at 8% negotiable as to length of time. |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner has too many businesses selling them off. |
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| REQUEST MORE INFO |
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