211 Washington Street, Out of Area, NY 07030

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.