Listing ID: 72861
Successful Liquor Store located in Tulsa is now AVAILABLE in a recession proof industry! Busy liquor store in a great area of town, close to ideal and likely customers with a huge selection and over $140K in inventory. Owner is retiring and looking for a quick sale.
Located on a major intersection, surrounded by many apartment complexes, four within walking distance, and established neighborhoods with more new neighborhood construction in progress within a mile which will increase foot and drive-by traffic in the future.
$100k inventory allowance is included in the sale price of $569,109.00 which is valued at 3 times their net profits for 2021. Assets include inventory, multiple refrigeration units, many display cases, and everything you need to operate a turnkey retail business.
Business comes with 2 full QuickBooks Desktop Point of Sale systems with 2 cash drawers with no contract or monthly subscription.
Take advantage of a turnkey liquor sales operation in a successful location. Employees include an existing manger and 2 part time employees. Enjoy passive income and let the manager operate the store, or pay yourself a nice salary while enjoying employment in a covid safe industry.
2018 Sales $831,420.56 Gross Profit amount $194,391
2019 Sales $826,929.95 Gross Profit amount $211,594
2020 Sales $1,182,779.78 Gross Profit amount $302,786
2021 Sales $1,178,401,03 Gross Profit amount $305,765
Owner is open to partial owner financing and will provide 2 weeks of onsite training.
List of expenses and profits can be found here:
- Asking Price: $569,109
- Cash Flow: $189,703
- Gross Revenue: $1,178,401
- EBITDA: N/A
- FF&E: N/A
- Inventory: $100,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,450
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 weeks onsite training
The business was established in 2015, making the business 7 years old.
The deal shall include inventory valued at $100,000, which is included in the requested price.
The business has 3 employees and is situated in a building with approx. square footage of 1,450 sq ft.
The property is leased by the company for $1,486 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competition, current decrease in incomes, or a range of other reasons. This is why it is extremely essential that you not count absolutely on a seller's word, yet instead, make use of the seller's response together with your overall due diligence. This will repaint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new consumers? Many times, businesses have repeat consumers, which create the core of their everyday earnings. Particular factors such as brand-new competitors sprouting up around the location, roadway building and construction, as well as staff turnover can impact repeat consumers and negatively affect future revenues. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the better the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the regional mean home earnings effect future earnings potential?