Listing ID: 72877
Want to own an Amazing, Community Friendly, Well Stocked Wine and Spirits Store?
This beautiful store is unique in several ways. It is rare to find a good Liquor store that is Profitable, Clean, Welcoming, and in an Excellent High Traffic Location!
Store has 3,300 sf of space offering great merchandising displays and is stocked with a diverse selection of all types of alcoholic beverages! There are specialty liquors, flavored brandies, vodkas, rums, fine wines (over 500 options), an unbelievable selection of craft beers, an expansive whiskey selection, bourbons, scotch and much much more. Their vast selections are extraordinary and they are happy to special order wine by the bottle or by the case for their customers — at no extra charge! They also feature a beer cave and a wine cave! These are just a few unique aspects that set this store apart from other liquor stores and is why they are considered one of the finest local Wine and Spirit Shops in the area!
This is a turnkey operation that comes with everything needed to make transition of ownership smooth and seamless and includes $250K in inventory.
- Asking Price: $399,000
- Cash Flow: $98,196
- Gross Revenue: $800,000
- EBITDA: N/A
- FF&E: $27,000
- Inventory: $250,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,300
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Some within 5 miles, but that does not affect this store and its great location, customer service and incredible selections.
Increase marketing budget and implement wholesale sales
The venture was started in 2008, making the business 14 years old.
The sale does include inventory valued at $250,000, which is included in the suggested price.
The company has 3 employees and is located in a building with disclosed square footage of 3,300 sq ft.
The building is leased by the company for $2,397 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 entirely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is very vital that you not depend completely on a seller's word, but instead, utilize the vendor's solution combined with your general due diligence. This will paint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new clients? Most times, companies have repeat consumers, which form the core of their everyday earnings. Specific variables such as brand-new competition sprouting up around the area, roadway building, as well as personnel turnover can influence repeat consumers and also adversely impact future revenues. One important thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood typical family earnings effect future earnings potential?