Morris County Liquor Store
Morris County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $245,000 |
$250,000 |
$55,050 |
Furniture and Fixtures Value:
$75,000 (included in the asking price)
Inventory Value:
$40,000 ( not included in the asking price)
Business Summary:
Absentee owned – value of D License over $750,000 in this town. Store’s main seller is the better quality and rated wines. Located in the commercial center of an affluent hot town. IF owner were to replace single employee net cash flow would be close to $80,000 annually. Break down of sales 75% wine 20% liquor/cordial and less than 5% beer/water (if you can find them) store is dedicated to the serious wine buyer (wine spectator set and does outside wine tasting events. Attractive small store completely computerized with sit down areas to focus and read wine magazines. There are 7 nearby BYOB on that generate a great deal of evening traffic. Value of D License (could be up to $250,000) is the most valuable component of this liquor store – moving it to larger size store is a natural. Present store can be converted to smoker’s emporium or convenience store with lottery – either would go in this lucrative town. For further information, please contact 908-851-9040 Ext. 285.
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| Year
Business was Established: 2004 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
Compact 1,000 sq. ft. store, new lease to be obtained from landlord. All equipment and furnishings now outside street parking. Motivated to be a wine store for the serious buyer. |
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| Potential
Growth/Expansion:
The most valued possession in the purchase of this store is the value of the liquor license should be moved to larger facility in this wine conscious town – present facility would make great cigar or convenience store with lottery. |
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| Competition:
This store has its own place in the wine store market as it caters only to serious wine oriented buyer. |
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| Owner
willing to finance:
Owner will finance $25,000 terms and time negotiable. |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner (absentee) has many other interests. |
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| REQUEST MORE INFO |
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