Listing ID: 74094
This liquor store is located on main roadway that offers both traffic and visibility!
Established since 1989 and offers great customer service to new and returning customers.
Google reviews of 4.7 – commenting on such great service and staff that will try to accommodate nything you are looking for!
- Asking Price: $399,999
- Cash Flow: N/A
- Gross Revenue: $1,194,469
- EBITDA: N/A
- FF&E: N/A
- Inventory: $190,000
- Inventory Included: N/A
- Established: 1989
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Great 2,400 square foot space on main high traffice roadway
Seller will be availalbe for two weeks after close at a minimum of four hour per day for training at no additional cost to the Buyer
This is a consistant liquor store, not only well known within the community but located on high traffic roadway generating sales for new customers as well.
Continue to market area and community. Generate traffic by creating a website as well as using social media. Adding food will increase sales dramatically.
The venture was founded in 1989, making the business 33 years old.
The sale shall not include inventory valued at $190,000*, which ins't included in the suggested price.
The business has 1FT-10PT employees and is situated in a building with estimated square footage of 2,400 sq ft.
The real estate is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. However, the genuine factor and the one they tell you may be 2 entirely different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in revenues, or a variety of various other factors. This is why it is very crucial that you not depend absolutely on a vendor's word, yet instead, use the vendor's response in conjunction with your total due diligence. This will repaint a much more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Many times, operating businesses have repeat consumers, which form the core of their day-to-day earnings. Specific elements such as new competitors growing up around the area, roadway construction, as well as staff turnover can impact repeat customers and adversely affect future earnings. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the possibility to construct a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood mean household earnings influence future revenue prospects?