Listing ID: 82722
Business Overview
This retail wine and spirits liquor store has been serving the community for almost 50 years! It has a huge inventory of wine, beer and spirits. The store has a very homey feel and is very well stocked with your favorite wines, spirits, and beer. You will also find many high-end choices. The store is laid out very nicely, has ample parking and the staff is very friendly. This is a turn-key opportunity for a new owner.
Financial
- Asking Price: N/A
- Cash Flow: $44,389
- Gross Revenue: $1,203,415
- EBITDA: N/A
- FF&E: $82,016
- Inventory: $300,000
- Inventory Included: N/A
- Established: 1972
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The store is laid out very nicely and has ample parking.
Training available
Other interests
There are few other liquor stores in the area, including grocery stores. This business carries a more diverse selection. They have a large and loyal customer base.
A focus on digital marketing could be incorporated as there is little being done there currently.
Additional Info
The business was established in 1972, making the business 50 years old.
The transaction won't include inventory valued at $300,000*, which ins't included in the requested price.
The company has 2 FT, 2 PT employees and is situated in a building with estimated square footage of N/A sq ft.
The property is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nonetheless, the genuine reason and the one they say to you might be 2 totally different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is really important that you not depend totally on a seller's word, however rather, utilize the vendor's response combined with your total due diligence. This will paint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses finance loans so as to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new customers? Most times, companies have repeat clients, which form the core of their everyday profits. Specific variables such as brand-new competitors sprouting up around the location, road building, as well as employee turnover can affect repeat consumers and also negatively influence future profits. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the regional typical house earnings impact future revenue prospects?
