Listing ID: 76629
Business Overview
Description:
Absentee Run Business.
This popular Liquor Store is located in a two-unit retail center. Ideally located on a hard corner at the very busy intersection. Originally established in 2003 and under current ownership since 2018, this store is popular for its variety of premium Liquors, fine Wines, and Draft Beers. The location provides ample free parking on-site and easy egress/ingress making this location highly convenient for neighborhood residents and commuters. Great Upside Potential for an owner-operator. An experienced operator could boost revenue by adding diverse inventory in the Spirits and Craft Beer section. Inventory approx. $75k is in addition to the asking price.
Equipment: Clover POS system, 11-Door Walk-in cooler, Security System with cameras and DVR, Gondola shelving, Liquor & Wine displays case & much more. A full list of equipment is available with the Listing Broker.
General Information:
Organization: LLC | Square Footage: 2000 Sq. Ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit, Tobacco Lic., ABC Type-21 Liquor Lic. (Included & Transferable) | Hours: Sun 9 am-10 pm, Mon-Thu 9 am–11 pm, Fri-Sat 9 am-12 pm | Reason for Sale: Other Business Interests |
Lease Information
Rent: $5,824/month plus $1,718/m NNN,
Lease Term: Seller’s lease ending Aug 31st, 2028. An additional lease option is to be negotiated with the landlord.
Revenue: Gross Sales: ~$30,000 to $36,000/Month plus Lotto commission $39k per year (As per Seller, not verified by the Broker. Stated earnings inconsistent with financial records. Buyer to exercise revenue prior to making a business purchase offer).
Financing: All cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Financial
- Asking Price: $149,000
- Cash Flow: N/A
- Gross Revenue: $441,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $75,000
- Inventory Included: N/A
- Established: 1990
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training available
Other business interests
Additional Info
The company was started in 1990, making the business 32 years old.
The deal doesn't include inventory valued at $75,000*, which ins't included in the listing price.
The building is leased by the company for $7,542 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. However, the true factor and the one they tell you may be 2 completely different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of other factors. This is why it is extremely essential that you not depend completely on a seller's word, but instead, use the vendor's answer in conjunction with your general due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover items like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too small. Lots of organisations 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 commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new consumers? Most times, businesses have repeat clients, which form the core of their day-to-day revenues. Specific factors such as brand-new competitors sprouting up around the location, road building, and also staff turnover can influence repeat customers as well as negatively impact future incomes. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the local typical home earnings influence future earnings prospects?
