Business Overview

New upscale store opened in 2021, this business now has solid brand recognition in the market and is shifting from start-up to going concern. Significant assets in place for this turn-key operation. This business offers packaged goods and lottery, with friendly service and a convenient location. Traffic throughput of approximately 60,000 autos per day and plenty of parking.

Financial

  • Asking Price: $320,000
  • Cash Flow: $6,241
  • Gross Revenue: $359,676
  • EBITDA: N/A
  • FF&E: $71,000
  • Inventory: $70,000
  • Inventory Included: Yes
  • Established: 2021

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease in place for 9+ more years along with (2) 5-year renewal options. Total of 1,700 sq. ft with high ceilings which extend capacity. Current rent is approximately $3,880 with NNN- $300. Large parking lot for customers.

Is Support & Training Included:

Will train for 2 weeks @ $0 cost. The business carries a diversified inventory of wine, beer, and spirits and offers lottery. Delivery provided through Drizly. Class A 6 day liquor license to include Beer, Wine, Spirits, tastings, delivery.

Purpose For Selling:

Owners want to concentrate on their other pre-existing business.

Pros and Cons:

This business is located in a targeted revival and growing area. The business presents very well and distinguishes itself from the typical liquor store. Approximately 60,000 cars to pass this location daily - great customer throughput! They have over 1000 customers tracked in their system.

Opportunities and Growth:

The liquor store is new and growing rapidly and it will continue to grow. Moved from start-up to going concern in less than a year.

Additional Info

The company was established in 2021, making the business 1 years old.
The deal will include inventory valued at $70,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nevertheless, the genuine factor and the one they say to you might be 2 totally different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a range of other factors. This is why it is really essential that you not rely completely on a vendor's word, but rather, make use of the vendor's solution together with your general due diligence. This will paint a much more realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too tight. Lots of companies fall into 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 take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in brand-new clients? Often times, companies have repeat clients, which develop the core of their daily earnings. Specific variables such as brand-new competitors growing up around the location, roadway building, and personnel turnover can impact repeat consumers and adversely impact future profits. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the chance to construct a returning client base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood median home earnings influence future income prospects?