Business Opportunity in Other, Out Of Area, Out Of Area, NY 07030 | Web ID: PH617407 | $390,000

Hoboken liquor store business for sale. Location: washington street in hoboken, new jersey, in an excellent location on a commercial avenue surrounded by high-density residential areas. Area: the ground floor shop is about 700 square feet and the basement is also 700 square feet, with more usable space. Parking: the owner has a fixed parking space ($300 monthly fee), which is extremely convenient. Shop features: decoration: modern style, high ceiling, glass front, attractive appearance. Complete facilities, ready for business upon purchase. Numbers: annual turnover: approximately $650, 000. Gross profit margin: liquor profit is more than 40%. Rent: $5, 029 per month (including property taxes), 8. 5 years remaining on the lease + 5 years renewal, 3% annual increase. Internet $100/month. Electricity $200/month. Insurance $400/month. Labor: 1 full-time employee, $4, 500/month. Inventory: approx. $60, 000. Annual net profit: approximately $140, 000. ***price include fixed assets, excluding inventory.