Business Overview

This is an incredible opportunity to take ownership in a red-hot industry with this 16 year-old PROFITABLE, TURNKEY, REPUTABLE liquor store! The sale includes all inventory and real estate!! This business offers the largest selection of beer, wine, spirits and specialty tobacco products within a 50+ mile radius! They are a one-stop shop offering not only alcohol and tobacco, but also a selection of small grocery necessities as well! The real estate has been kept in great condition! The Seller has even hand selected a handful of high-end spirits that are exclusively bottled for this business and its clientele. Deemed a business of necessity, this an excellent opportunity to take the reigns on a business that has a proven track record of success even during COVID! MULTIPLE OPPORTUNITIES FOR GROWTH for a new owner (here are just a few): 1) increase marketing especially social media marketing 2) establish more relationships with local bar owners and vendors to grow bulk liquor sales 3) extend hours of operations and there are many more! Included in the asking price is the real estate, inventory, furniture fixtures and equipment. Owner is aging and ready for retirement. BE YOUR OWN BOSS! Great opportunity with HUGE GROWTH POTENTIAL that will sell fast, do not miss out on this one!

Financial

  • Asking Price: $399,000
  • Cash Flow: $63,500
  • Gross Revenue: $573,458
  • EBITDA: N/A
  • FF&E: $19,000
  • Inventory: $190,000
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:4,700
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Great Condition

Is Support & Training Included:

Owner is willing to train and support the buyer for 30 days

Purpose For Selling:

Retiring

Pros and Cons:

No competitors within 50+ miles!!!

Opportunities and Growth:

MULTIPLE OPPORTUNITIES FOR GROWTH for a new owner (here are just a few): 1) increase marketing especially social media marketing 2) establish more relationships with local bar owners and vendors to grow bulk liquor sales 3) extend hours of operations and there are many more!

Additional Info

The company was founded in 2005, making the business 17 years old.
The transaction will include inventory valued at $190,000, which is included in the requested price.

The business has 3 employees and is located in a building with estimated square footage of 4,700 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell companies. Nevertheless, the true factor vs the one they say to you might be 2 entirely different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is extremely vital that you not rely entirely on a seller's word, however rather, use the vendor's solution in conjunction with your total due diligence. This will repaint a much more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that earnings margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in new consumers? Many times, companies have repeat consumers, which form the core of their everyday profits. Particular elements such as new competition growing up around the area, road building and construction, and employee turn over can influence repeat clients and also adversely affect future revenues. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the greater the possibility to build a returning customer base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean house income influence future income prospects?