Hudson Liquor Convenience
Hudson County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $359,000 |
$583,568 |
$93,960 |
Furniture and Fixtures Value:
$95,000 (included in the asking price)
Inventory Value:
$170,000 ( not included in the asking price)
Business Summary:
Turn around by new owner/manager remarkable, his hard work paid off. Took struggling store doing much less volume and has turned it around to good profit maker for its size. Owner has shown what knowledge of liquor and his customers can turn business completely around. Ten thousand for salaries to new buyer withheld from given figures bring total cash flow to over $100,000 plus RIPS of $3,400- Lottery for store has been approved- Store will have lottery in short time. Place now has agent number. Should increase store volume and profit by 15%. Sales liquor 35%, Beer 25%, Wine 20%, Conv 20%. Mark ups Liquor 25%, Convenience 35%, Cigarettes less than 10% only 2% of total sales. Store is spacious and has room for storage in basement. New owner should follow advice of present operator and financial success is inevitable. Health problems forces sale. Income from money orders 1990/ATM 1377. Contrary to our economic slump this store shows constant improvement. Liquor license value 170k- RIPS bring in an additional $3,400. 18 year lease based on CP1. For further information, please contact 908-851-9040 and ask to speak with Vito Mastromonaco at Ext 285.
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| Year
Business was Established: 2006 |
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| Number of Employees:
0FT/2PT |
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| Facilities / Terms of Lease:
Plenty of room in this 3.000sq.ft store with ample refrigeration, security cameras, ice maker and great entrance appeal. Street parking metered. |
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| Potential
Growth/Expansion:
Lottery will bring extra volume- delivery should be initiated. Has room to bring on varied products. |
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| Competition:
Closest stores 2 long streets away and is cramped. This store has large appeal in it professional area. |
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| Owner
willing to finance:
Owner deserves all cash for this remarkable turn around for a new owner. |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Health reasons |
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| REQUEST MORE INFO |
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