Premier Liquor Store in Somerset County, NJ

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Overview:


Presenting an exceptional opportunity to own a thriving liquor store in Somerset County, NJ. This brand-new, fully built-out retail space opened on January 15th, 2021, and has successfully relocated to its current high-visibility location on June 28th, 2023. Situated along a major highway, this store benefits from heavy traffic and easy access, making it a favorite among locals and travelers alike.
Key Features:
Lease & Purchase Options: The current lease agreement includes a purchase option for the land and buildings at $1.75 million, providing potential buyers with a significant investment opportunity. The lease is transferrable, allowing for smooth ownership transitions.
Licensing: Operates under a Broad C liquor license, allowing for a diverse selection of alcoholic beverages. The location is zoned to accommodate both a full-service bar/restaurant and a liquor store, opening doors for diverse business ventures.
Financial Performance: The business is on a steady growth trajectory, with 2023 sales reaching $1.685 million year-to-date and $1.4 million for the current year. The store’s performance indicates a strong and increasing demand in the area.
Rental Agreement: Monthly rent is set at $13,500, with $3,641 applied toward the purchase of the building. This arrangement offers a unique opportunity to build equity while operating a successful business.
Strategic Location: Positioned on a major highway, the store attracts both local residents and passersby, enhancing foot traffic and customer visibility.


Growth Potential:


This liquor store is poised for steady growth, supported by its excellent location, strong sales performance, and the potential for additional services through the bar/restaurant zoning. It is an ideal opportunity for a seasoned store operator looking to expand their portfolio or venture into a lucrative market.


Staffing
1 full time manager plus 4 employees