10 mile Competition Free Liquor Store
Morris County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $565,000 |
$720,000 |
$94,085 |
Furniture and Fixtures Value:
$75,000 (included in the asking price)
Business Summary:
One of two D liquor license in a large area township in the midst of affluent Morris County located in a store center mall with major food anchor chain. D license valued at 450k- no more will be issued by township work at 22% mark up does no discounting and no advertising. 10 door refrigerator, store not computerized bar price coded. Sales 38% wine 36%beer, 18% liquor, 8% cig/snacks all at high markups owners staff is family members brother sister and himself who are paid most of remaining cash flow. Owner is not active in store but does take salary. All these salaries would revert back to new owner operator, Can move into larger empty store in center to increase square footage and volume and props or move to highway spot and have your store with no competition for miles. Interior of store completely filled- has good lottery business just waiting for new owner to assume the collection of profits. True owner never there runs second liquor store. For further information, please contact Vito Mastromonaco at 908-851-9040 Ext 285
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| Year
Business was Established: 1986 |
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| Facilities / Terms of Lease:
1300sq.ft located in major mall with food store plenty of parking. Jughandle into mall from major East West highway mall is well kept and large empty stores are available to move license. |
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| Potential
Growth/Expansion:
Moving into Bigger square footage in center or finding super location on highway. There is no competition here |
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| Competition:
One of two D licenses in township (valued at $450,000) is heart of Morris County |
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| Owner
willing to finance:
Owner would accept $65,000 financing rate/term negotiable |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner has 2 stores family members, wishes to move on. |
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| REQUEST MORE INFO |
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