Business for Sale Overview:
The store was reopened in July ‘08 in a totally remodeled shopping plaza. The last half of ’08, sales were up 12 ½% over the same period in ’07. We are projecting minimum sales for ’09 at around $530,000. Prior to the remodeling of the shopping plaza, sales in this store were in the $600,000 range. Within a 3-5 year period this store could generate sales in the $750,000 to $1,000,000 range due to the anchors in the plaza and plans to develop the area further. Product breakdown is: Wine 40-45%; liquor 35-40%; beer approximately 20%. Since the store does heavy wine volume, the gross profit margin should be at a minimum of 24%. The owner does not encourage beer sales and does not devote that much space to beer inventory. There are no lottery or cigarette sales in the store. Asking price does not include about $100,000 inventory.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The store is 2,138 Square Feet and is approximately 85’ x 25’. There is a 5-year lease from 7/08 through 6/13 starting at the rate of a base rate of $2,925 per month. An option period of 5 years from 7/13 through 6/16 at the rate of $3,218 per month plus CAM & Real Estate taxes.
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.