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DETAILS:
Large 8M + Grossing store in affluent Bergen County community.
Store has been in this location since 2017.
3 Major National Tenants Whole Foods, Home Goods and Target. Plus Starbucks, Chipotle and several other franchises to draw tons of foot traffic.
Store has potential to do more
with owner operator in place.
Store is absentee and run by a General Manager.
Combine this store with a second store for more rips and rebates.
Truly turn key with high gross!
HIGHLIGHTS
Annual Sales
( tax return numbers)
2023 $8,345,000
2022 $8,648,922
Adjusted Cashflow
2023 $601,532 (EBITDA)
2022 $616,,683 (EBITDA)
Gross Profit Margin
2023 25%
2022 23.75%
Employees
Full time 14
Part time 8
Store Hours
Monday thru Saturday 9:00 am to 9:00 pm Sunday 12:00 – 6:00 Pm
Established
2017
Long lease
18 years left
2032 plus (1) 10-year option to renew
Store size
8365 square feet
Base Rent
$42.00 per square foot plus Cam & Taxes $38,300. Per Month (3% Annual Lease increases)
Rent is 5.5% of the gross annual sales.
FFE $850,000.00
Breakdown of Sales 2023
Wine 59%
Beer 10%
Spirits 27%
Gourmet & Giftware 4%
Online Sales
$700K 2023
ASKING PRICE:
$3,950,000.00
Call Frank Mancuso
201-602-3813
Or
Larry Bodner
908-985-3040
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