Owner Financing is Available
Business for Sale Overview:
Rare opportunity to own an eclectic liquor store just one block off the Las Vegas Strip behind the Mirage Hotel! Business has a little bit of everything for everybody including fine gourmet & specialty food items, popular top selling liquors, beer, wine, cigars and cigarettes, as well as a deli counter featuring freshly baked rolls, Boars Head deli meats and cheeses, and prepared daily salads and side dishes! Deli currently does approx. 300 sandwiches per month. Seller and his family have been in this type of business since the 40s, so this is the person you want to show you the ropes! Business was established in 1994 and liquor business was added in October 2007. Close proximity to the strip means that the primary customers of the business are limo and taxi drivers and their clients. Prices at stores not located on Las Vegas Blvd. are much more reasonable than strip locations and drivers tip customers off to this. Many drivers bring customers directly from the airport to the business so that they can stock up on “party supplies” and then to the hotel or onto a limo tour of the city. Seller has established a unique reward system for drivers, supplying them with free water and ice (required to be carried in limos) and free box lunches to keep drivers coming back repeatedly. Business has expansion potential, according to the Seller, because the deli could be expanded to the space next door, slots could be added (with the proper permits and licenses), cigarettes could be sold by the carton, and the business could open on Sunday (currently closed Sunday). Seller has spent approx. $650,000 on furniture, fixtures, equipment and leasehold improvements to give the store a modern art deco New York-style flashy sparkle! Floor to ceiling box refrigerators and freezers throughout the store add to the storage and inventory capabilities! Business does approx. 60% cash and 40% credit cards. Inventory incorporated in the purchase price includes approx. $120,000 worth of liquor/beer/wine (which cannot be financed as per Nevada law) and approx. $5,000 worth of food inventory. As per the Seller, the projected income for the business for 2009 is much lower than the business is capable of doing and has done in previous years. The Gross Sales are estimated for 2009 and based on the first eight months of sales for the year. COGs average approx. 60%. When this one is gone, there will never be another one like it! Don't let anyone beat you to this sizzling opportunity!
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:
Leased Location is 2400 sq-ft. Seller is active in the business with, a total of rent of $3941 and 1 Full Time Employee. Fixtures and Equipment is $350,000, Inventory Included $1,000 & Leasehold Improvements are $100,000.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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.