High Volume Liquor Store & Property In Passaic County For Sale

Business description

High Volume Liquor store business with real estate in an
urban area of Passaic County, New Jersey. This long
standing business located in the municipality of Paterson, NJ
has a yearly gross income of $800,000, and will evidence a
2010 net income of $150,000. The sale which includes the
property has one residential rental unit with an income of
$15,600 yearly. This seven day operation maintains standard
hours from 9:00 am to 10:00 pm. Although the facility is
located in a highly urban area, during its long existence, it
has never had a criminal incident and is considered a
generally safe area to the residents. Walk in boxes,
refrigeration units, counters, displays and distribution liquor
license.etc. The building has a legal capacity for 22
customers consisting of 1,500 sq ft, on one main floor with a
full basement. Adequate municipal parking is on the site and
convenient to its customers. The business has a seven day
operation hours from 9:00 am to 10:00 pm. The business has
a New Jersey State Distribution Liquor license to sell this
product. The seller is absentee and will train, SBA financing
has been approved. Excellent opportunity representing a
dependable income.

Property information

Real Estate:

Real Property Included

Location:

Located in an urban area of Paterson, Passaic County, New Jersey in a densely populated urban community and on an active county road.

Premises details:

The facility consists of 1,500 square feet in a commercial store front with a storage room and full basement. The business has a large walk up counter to serve its customers.

Other information

Expansion potential:

With continued good service and product this business will maintain its cash flow.

Competition / Market:

No other liquor store competitors exist in this particular area and seller will supply a non compete agreement to the purchaser.

Support & training:

The seller will remain after closing and supply a long term transitional period.

Reasons for selling:

The owner is semi absentee and is retiring out of the industry after many years.

Trading hours:

Seven Day Operation
9:00 am to 10:00 pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available for a qualified purchaser.

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$40,000 (included in the asking price)

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