Business Overview

This liquor store is in a prime Oakland County location near a popular Downtown area.

Located within a great residential area that provides consistent returning customers. This price includes, Business, Real Estate as well as a Liquor License for Oakland County which alone has a value of $350K. The real estate is also included, which is over 1/4 acre of land on a corner.

Has been family owned and operated since 1978 with sales over $900K. As potential for huge growth by adding ready to go food products.

Financial

  • Asking Price: $749,999
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $250,000
  • Inventory: $150,000
  • Inventory Included: N/A
  • Established: 1978

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,701
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Great standalone building located on large corner lot in prime Oakland County near a busy downtown area.

Is Support & Training Included:

Seller will be available for 14 days at a minimum of 4 hours per day. Any additional time will be a consideration and negotiated with the seller at a later date

Purpose For Selling:

Retirement

Pros and Cons:

This is a great location that is close to a growing residential area in addition to be close to the business downtown area. Offers large parking lot with easy access.

Opportunities and Growth:

Continue to work within the community. Expand with hot and ready to go food products would be a positive addition for this location. Customers looking for a quick on the go lunch or picking up a quick dinner for their family on the way home.

Additional Info

The business was established in 1978, making the business 44 years old.
The transaction doesn't include inventory valued at $150,000*, which ins't included in the suggested price.

The company has 2FT/2PT employees and is situated in a building with approx. square footage of 2,701 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 absolutely different things. For instance, they might state "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is very essential that you not count totally on a seller's word, however rather, utilize the seller's solution together with your general due diligence. This will repaint a more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies borrow money with the purpose of covering items such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that profit margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also 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 agreements with suppliers that must be fulfilled or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in new customers? Many times, businesses have repeat consumers, which create the core of their daily profits. Specific variables such as brand-new competition growing up around the location, roadway building, and personnel turn over can impact repeat customers and adversely impact future earnings. One important point to consider is the area 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 higher the possibility to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local mean home earnings influence future revenue prospects?