Old Bridge, NJ Liquor Store & Bar

2017-04-07T15:00:00-04:00
Friday, April 7th 11AM
Wine 34
343 Route 34
Matawan, NJ 07747
Inspection Date: 
Friday, March 31st
1PM to 4PM
Friday, April 7th
9AM to 11AM

Public Auction
Persuant to the Immediate Liquidation of Business

Wine 34 Liquor Store & Bar
A 2,200+/- Sq Ft Retail Liquor Store & Bar.  Located on the busy Route 34 in Old Bridge, NJ.

The auction will be for the following components:

  • Old Bridge, NJ "C" Liquor License No. 1209-33-010-011
  • Right to assume a favorable retail lease.
  • All fixtures, refrigeration and equipment related to both the retail liquor store and bar.
  • All remaining liquor inventory.
  • Good will and existing business.

The bidding will be one bid for all of the 5 components listed above.  The high bidder will have the right to reject or assume the lease at the current location.

A "33" or "C" Liquor License are traditionally utilized by restaurants and bars.  However this business is operating a combination liquor store and bar under a previsal which allows for the sale of package goods.  Below is an excerpt taken from the New Jersey ABC Handbook describing authorized uses for a "33" Consumption License.

PLENARY RETAIL CONSUMPTION LICENSE (“33”). This license authorizes the sale of alcoholic beverages for consumption on the licensed premises by the glass or other open receptacle and also allows the sale of alcoholic beverages in original containers for consumption off the licensed premises. Such sales of package goods, however, may only take place from the public barroom, and the package goods may only be displayed for sale on its perimeter walls unless a floor plan was approved by the A.B.C. Director prior to the late 1970’s. Where this license is granted, no other mercantile or commercial activity may take place on the licensed premises except for certain activities such as a restaurant or the sale of snack or certain other items enumerated in the statute. The fee for this license is set by the municipality between $250 and $2,500 per year. Since 1947 only one retail consumption license, with certain exceptions, can be issued in a municipality for each 3,000 of its population, although licenses in excess of this limit before 1947 were grandfathered.

Auctioneer's Note: 

Please Note:  While the information gathered here and in other advertising is gathered from sources deemed relieable.  However all information is subject to errors and ommissions.  Attorneys & Auctioneers make now warranty or representations regarding the condition or accuracy of the assets to be sold.  This information is presented merely as a guide and bidders should conduct their own due diligence.

Auction Terms: 
Deposit:
A $50,000 deposit is required at time of successful bid.  All potential bidders must come to the auction with a $50,000 Cashier’s Check made payable to AJ Willner Auctions.  
Balance of Payment:
The balance of the purchase price must be paid Wednesday, April 12th, 2017
Buyer Premium:  
10%  Buyer Premium applies at this auction.
Statement of Title:
This liquor license, inventory, fixtures and equipment is being sold "Free & Clear" of all liens, taxes & outstanding liquor bills.  The sale is "As-Is, Where-Is" and the high bidder is fully responsible for all fees involved in transferring the license.
Non-Recourse:
Deposit funds of the high bidder are non-refundable.  No refund will be granted to high bidder if unable to make transfer of license or pay balance of purchase price.  All bidders should conduct your due diligence and confirm their eligibility to hold a liquor license, consult with the municipality and the NJ Alcoholic Beverage Control, as to where the liquor license can be placed and regarding regulations.  High bidder must comply with all of the  requirements of New Jersey Alcoholic Beverage Control & the municipality.
 

Questions?

I am very interested in this???

Damien, Please call me in the office ( phone # on this webpage) if you have any questions. Also we will be on site for inspection (Friday, March 31) to answer any questions. Thank you for your interest. Mike

Can i buy this as a Bulk bid? I would like to buy the complete package

Howard, Yes. It's only going to be offered as a bulk (complete package) bid only. Mike

Ask auctioneer a question