Established Liquor Store for Sale in New Jersey - 37063

Financing

$275,000 Down and $250k for 60 months @ 5%

Business Description

This is a decades old, well regarded, family-owned neighborhood liquor store in an affluent section of Bergen County. The store, which occupies 3,000 sq. ft., plus basement and attic for storage, enjoys an expansive storefront situated on a main street in its town. The interior is uniquely designed to draw attention to its abundant selection of wines which accounts for more than 50% of revenues. Unlike the bigger chain stores where the staff is impersonal and its focus is on the checkout counter or in stocking shelves, walk into this store and be greeted by a friendly and knowledgeable attendant so often helpful particularly in wine selection. The store enjoys a 32% gross profit margin, and its net cash flow is roughly 10% of sales. It has weekly wine tasting events and offers snack items, cigarettes and provides a delivery service as well. The inventory is valued at roughly $300,000 and the property valued at $1 million can be purchased separately from the owner. The buyer should be customer friendly and have a full knowledge of the product line, particularly the wines. The owner is seeking to retire. Proof of Funds Required. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers, at 646-269-4616.

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