Essex County Liquor Store And Deli For Sale

Business description

Asking price is package deal with #3699vm. Immediate potential to make massive profits by purchasing commercial real estate and two great money making deli/liquor stores known for their outside catering. These terrific money making enterprises can return (purchased as a package) greater profits to new owner who can revitalize both businesses. At present annual sales for both stores is close to 2 million with the cash flow over $650,000 annually. If owner’s salary and additional rental incomes were to be added profit would be over $700,000 - (both store DO NOT SELL TOBACCO PRODUCTS NOR DO THEY N.J LOTTERY) easy 10/15% increase in volume plus higher net ratio would be attainable.
Store number 1 has 4 operating slicers sells over 1350 pounds of pastrami alone weekly. Rye bread 120 loaves a week 110 dozen rolls weekly. Does deli sub platters all week long with catering orders averaging about $130.00 – (catering/delivery only about 5% of total business). Liquor department sells over 200 cases of beer weekly mostly singles of very high markups. Building has parking for 7 or more cars plus street parking. Office/apartment above can easily fetch 1,000 – monthly rental.
Store number 2 sells 950 pounds of Pastrami alone, 110 loaves of rye bread plus other types of bread sells 95 dozen rolls weekly. Store also has 4 operating slicers. Sells over 100 cases of beer mostly singles has parking for over 7 cars plus street parking.
Both stores have to cut off in advance catering orders during holidays and super bowl Sunday. Both stores area known for their 6 foot sandwiches and catering platters. Typical cost of 6 foot sandwich is $23.00. Selling price is $56.00. Both stores sold at a package price of $3,000,000. If sold separately selling price would be over $100.00 per unit more.
Owner is willing to take back financing of $750,000 – attains to be negotiated. Bank mortgage for 2 buildings can easily be obtained for $2,000,000 – leaving outlet of $250,000 for business with rental incomes approaching profits of over 700,000 – ($750,000 owned back to owner through financing). Hard to find a deal like this in today’s economy. Owner’s salary of 33,600 not included in above mentioned cash flow. New owners should restock stores completely – immediately.

Other information

Expansion potential:

New owner can revitalize store bring in more inventory – stock better products – introduce tobacco cigarettes/cigars easy sell for this store. No lottery at present either by placing lottery inside surge of traffic would be mind blogging.

Competition / Market:

As far as deli/liquor combinations this store and it’s associated partner store are the busiest and most recognized as the sandwich/liquor store in entire area.

Support & training:

2 weeks

Reasons for selling:

Retirement

Trading hours:

7 days Sun 12:00pm to 10:00pm/Mon-Sat 9:00am-10:00pm

Financing available:

Owner would accept $2,250,000 – down and financing for $750,000 – negotiable.

Furniture / Fixtures value:

$140,000 (included in the asking price)

Inventory / Stock value:

$80,000