Business for Sale Overview:
A high-volume liquor and grocery store on a major road in the greater Boston area is available for sale. In business for over 60 years, this store is very well-known in the area and the owner recently relocated the store to a better location with a parking lot. Customers appreciate the easy in and out feature of this store where they can purchase groceries, liquor/beer/wine, lottery and cigarettes all in one place. Monthly sales are averaging $80,000 in the new location and the store is on track to gross $1 million in sales this year. The estimated cash flow for the absentee owner is approximately $75,000, and he has long-term and stable staff that would most likely transition with a new owner if requested. A working owner would generate approximately $130,000 in yearly cash flow.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The location is approximately 2,500 square feet on a 10,000 square foot lot on a high traffic road. There is a large parking lot in front convenient for customers. Most of the customers are working professionals and students living nearby. The location has a brand new air conditioning system, new wine racks, shelving and beer fridges. There is back-room storage, including a walk in cooler. There is also an ATM machine and pay phone on site that accounts for approximately $850 of additional revenue per month.
Market Competition and Expansion:
This store generates the majority of revenue from beer/wine and grocery sales, although it does have a full liquor license. It is extremely difficult to obtain a new liquor license in this town. The transfer of this license should be a smooth process for a qualified buyer. The store also has a high volume of lottery and cigarette sales and will do an estimated $700,000 in lottery sales this year.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.