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Monmouth County Specialty Wine & Cheese Store

Monmouth County, New Jersey

Asking Price: Gross: Cash Flow:
$650,000 $430,000 $158,119

Furniture and Fixtures Value:
$85,000 (included in the asking price)

Inventory Value:
$30,000 ( not included in the asking price)

Business Summary:
In an upper crust location at the Jersey Shore this specialty wine/cheese shop is the envy of the competitors in area who go 7 days and full day to arrive at same or less profit levels. All wines/cheeses sold at extremely high profit and mark up levels. This high mark up level is attained from wholesale wine distributors selling their private 4 state collections at reasonable prices so this store can mark up and sell these collections at 200% or more mark up. Being sold with the store is the website and valuable buyer database, which gives past purchases of over 1,800 customers – does emailing to open time. 15% of sales are from fine cheeses and gourmet item all sold at even higher mark up prices, these prices are affordable to area residential. Some cheeses go for $48.00 a pound and Spanish hams for over $50.00 per pound. Does limited delivery with several wine cases being the minimum (also by FedEx) store sponsors wine diners at various name area restaurants where it obtains a great amount of sales. It also does wine tasting in store where sales are automatic for affluent areas of Ocean County north to Rumson. Many famous name buyers. Store works with many private caterers in area delivery and set up at many of the area well known mansions. Word of mouth is showing remarkable results as sales for past year are up 20%. There is a great deal of personal perk involved with figures. Value of D License is $300,000 – value price – rent 23,275 GPI for 18 years, landlord repairs all malfunctions even to compressors maintenance cost free. For further information, please contact 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 2004
   
Number of Employees: 3  
   
Facilities / Terms of Lease: 1,300 sq. ft. store with inventory of fine wines all of extremely high mark up (great deal of private label from out of state wholesales, ample street parking everything new. Unbelievable lease have to read it. GPI for next 18 years plus owner takes care of all repairs even compressors.  
   
Potential Growth/Expansion: Opening full service liquor store, open 7 days and more hours – obtaining lottery.  
   
Competition: Only one other liquor store in the entire area and that store if full liquor store can not compete with the above store with wine values  
   
Owner willing to finance: Owner would accept financing of $150,000 payable within 3 years at 7%  
   
Reason for selling: Retiring  
 

 

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