Liquor Store & Lounge In Passaic County For Sale

Business description

A highly successful Liquor Store & Lounge with Live
Entertainment located in a major urban city of Passaic County,
New Jersey. This business which has a specific Latin theme
is well known for its excellent service, Lotto, live music,
sports events and pleasant atmosphere. The business gross
income averages approximately $14,000 weekly and 40%
represents liquor retail sales. The business has a consistent
gross income and a substantial net income to the owner
operator. The sale includes a valuable consumption liquor
license, commercial kitchen, refrigeration, POS computer
system, numerous displays, etc.The building has a legal
capacity for 125 customers consisting of 2,500 square feet.
Substantial municipal parking is available and at nearby to this
location. The business is active seven days per week, hours
10:00 am to 3:00 am. The business has a New Jersey State
issued consumption liquor license. The sale includes a
fourteen year lease term and a monthly rent $3,000. This is a
wonderful opportunity to own and operate a highly profitable
Retail store and Lounge with owner financing. Please contact
broker for a recent Profit and loss statement.

Property information

Real Estate:

Lease

Location:

The business is located in a highly populated urban city of Passaic County, NJ on a very active commercial avenue with a huge number of daily shoppers.

Premises details:

The facility consists of 2,500 square feet with a capacity for 125 customers. The business has been upgraded over the past few years with an attractive modern image. The facility has a large bar, separate seating areas and a retail store for outside sales.

Other information

Expansion potential:

The business can be further developed with a marketing and advertising plan to promote available upcoming special events.

Competition / Market:

No other similar Liquor Store/Lounge are in the particular area of this business and seller will supply a non compete agreement to the new operator.

Support & training:

Seller will supply a full training period and will remain for 30 days post closing.

Reasons for selling:

The seller has elected to retire after many successful years in this industry.

Trading hours:

Seven Day Operation
10:00 am to 3:00 am

Financing available:

Some owner financing is available to qualified buyer.

Furniture / Fixtures value:

$220,000 (included in the asking price)

Inventory / Stock value:

$35,000 (included in the asking price)

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