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Business For Sale

LIQUOR STORE WITH REAL ESTATE 2 HR SW FROM CHICAGO

Attn: Tauseef Syed
Ottawa, IL, USA
Listing Number: "abb081403"
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Asking Price: $250,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Liquor Stores  
Reason for Selling: Relocating
Year Established: 1985
# of Employees: 4
Yearly Revenues: $480,000
Yearly Cash Flow: $65,000
Yearly Net Profit: $150,000
Yearly Gross Income: $150,000
Monthly Payroll: $4,000
 

Business for Sale Overview:

Executive Summary: Busy neighborhood liquor store with average monthly sales of $40,000. Price includes real estate, fixtures and business. Current owner works the store himself with two other part-time employees. Real estate taxes of $1600. Liquor license is for 1:00 am but current owner stays open only until 11:00 pm on Fri.-Sat, 10:00 pm on Mon-Thurs, and 6:00 pm on Sun. These hours can and should be expanded. No ATM! No Check Cashing! A new owner could add these two services, along with longer hours of operation, and greatly grow the revenue. Broker can arrange financing with 20% percent down and past retail experience on the part of the Buyer! The sales price of $250,000 does not include inventory of $50,000, at cost. Owner will be paid for the inventory at closing. Very Motivated Seller!


Property Features and Assets:

Nice Neighborhood Location.


Market Competition and Expansion:

No Competition.


Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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