Listing ID: 72427
PRICE JUST REDUCED! This Burlington County, NJ liquor store for sale is one of the oldest establishments in town. This liquor store shows high profitability and margins. To add, a new owner has the option to add a bar to the location. Current rent plus all occupancy costs is below market at only 4% of Gross Profits!
This retail liquor business offers convenience, excellent selection, and knowledgeable staff. The business is operated mostly by employees.
The seller has a second profitable business not mentioned here but could be included with the purchase of this Liquor Store making this a two businesses for one deal.
Contact Satish Suri for more details.
- Asking Price: $1,700,000
- Cash Flow: $515,000
- Gross Revenue: $2,700,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $270,000
- Inventory Included: N/A
- Established: 1970
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Convenient location with a parking lot and plaza with neighboring businesses that bring in traffic. Many customers feel the location is convenient and fast to get in and out.
4 weeks training at no additional cost.
Pros include recession/pandemic-proof, low competition due to NJ state regulation, inventory has a long shelf life which means lower unsellable inventory, year-round demand, and no need to advertise.
Expansion opportunity includes adding space for a bar. Seller may add additional income to the buyer at no additional costs. To be discussed confidentially.
The venture was established in 1970, making the business 52 years old.
The deal won't include inventory valued at $270,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. However, the true factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or a variety of other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, but instead, utilize the seller's answer in conjunction with your overall due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Often times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the area, roadway building and construction, and personnel turn over can affect repeat customers as well as negatively influence future revenues. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the regional mean house income impact future earnings prospects?