Major Food Center Wine Store
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $529,000 |
$650,000 |
$71,292 |
Furniture and Fixtures Value:
$90,000 (included in the asking price)
Inventory Value:
$70,000 ( not included in the asking price)
Business Summary:
New owner recently purchased this well sought after store in long established major food market mall. After this high profile wine store in well heeled Essex County suburban community changed hands new owner was diagnosed with condition that will force him give up store. Wine mark up 35%- 50% of sales. D License extremely valuable as there are only 4 D licenses in extremely wealthy town. New owner’s projections for 2011 on light side, since sales, after take over have shown dynamic move in volume. Lottery coming in May. Store improvements and lighting have brought in a multitude of new customers. Store’s major competition moving over 2 miles away. Million dollar annual sales not too far away for this store. Owner is now forced to sell store because of recently diagnosed ailment. Selling price close to value of D license. This recently purchased store would be a solid fixture to any new owners, who control several better wine stores. This is a mega store as far as selling pricier wines; avg sale per bottle over $15.00
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| Year
Business was Established: 2008 |
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| Facilities / Terms of Lease:
This wine store (almost new) in major food market plaza parking for over several hundred cars, 10 yr lease with continued options possible from landlord |
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| Potential
Growth/Expansion:
With lottery coming in May and direction given by present owner, 1,000,000 volume only short time away. |
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| Competition:
Only 4 D licenses in extremely affluent township. No other liquor store near by- closest competition moving 2 miles away |
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| Owner
willing to finance:
Owner would give financing to extremely strong buyer-amount to be determined |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Health reasons, recently diagnosed |
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| REQUEST MORE INFO |
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