Business For Sale

Business Overview:

This liquor store works at a 35% markup. Beer over 40%, Wine 50%, Liquor 35%, $1,000 weekly cigarette sales; bring down markup to 35%. Store sales heavy on singles, ½ pints and pints (Liquor) all at heavy markups. Store located in well lighted and secure area of city with very large educational facility located directly across street. Inhabitants in this area of city walk to this destination point for lottery and liquor. Street has 2 interior walls with 16 door refrigerator, cooler and key making machine building on 1st floor contains 2 other stores as tenants one 500 square feet Rent $1,023 another 600 square feet paying 1,284 monthly. Second floor has 4 apartments two rents are 700 two are 750 monthly. Total net cash flow of store 181,613 and rental income 62, 484 is 244,097. Building has basement where liquor store has storage and tenants have use of dryer and washing machine. Store never had any problems and license is clean. License is worth $140,000. Liquor store can be enlarged working owner takes out salary of $31,200. At present owner is setting up separate utility meters for all tenants so they would pay their own bills.

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:

Liquor store w property 6 rented income- condition of apartments and stores recently redone- street parking store 1,400 square feet plus storage basement 1,100 square feet.

Market Competition and Expansion:

Competition This is only shopping complex in vicinity closest legion store over S blocks away- most customers walk to destination for lottery and liquor Expansion Store with adjoining wall can have lease canceled and store can be enlarged into present operation.

Reason for Selling:

After 19 years owner is tired and wishes to retire

Additional Details:

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