Listing ID: 81595
Successful wine and liquor store in western Chicago suburbs with lottery ticket sales is ready for its next owner.
Excellent strip center location on high traffic road has recently expanded its hours to include opening on Sunday as customer activity has increased in recent months.
Increased marketing including enhanced web site presence – plus delivery partners Uber, GrubHub and Drizly – provides new owner tremendous upside potential (monthly liquor sales have grown from $18K in January to over $40K consistently since July).
Store fixtures/equipment ($25,000) are included in the asking price but inventory (about $120,000) is additional.
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- Asking Price: $225,000
- Cash Flow: $113,820
- Gross Revenue: $627,030
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $120,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The deal won't include inventory valued at $120,000*, which ins't included in the listing price.
The business has 2 employees and is situated in a building with estimated square footage of 1,600 sq ft.
The real estate is leased by the business for $2,733 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or an array of various other reasons. This is why it is extremely important that you not depend completely on a vendor's word, yet instead, utilize the seller's solution along with your overall due diligence. This will paint a more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover things such as inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new clients? Most times, businesses have repeat consumers, which create the core of their daily profits. Certain factors such as new competitors sprouting up around the area, road building and construction, and also staff turn over can influence repeat customers and also adversely influence future revenues. One crucial point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the chance to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the neighborhood mean family income effect future income prospects?