Business Overview:
An all cash sale preferable. If not all cash the terms must be approved by Seller's Lender after review of Purchaser, all paperwork, Purchaser's business plan etc. Seller states gross margins run about 24 - 25%. There are currently 2 employees (at about $4,400 per month including matching payroll taxes) plus owner/operator. This liquor store needs better management, Sale includes ice business, lotto, (net commission only shown in gross sales for lotto) and some packaged chips snacks in addition to liquor. Business hours 10a-9p Monday-Friday. This transaction is probably not possible via new SBA loan, but may be possible with significant down payment and assumption of SBA loan and prior owner's note. This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities.
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 $6,600 per month lease includes approximately 3,500 square feet retail space and approximately 7,500 square feet warehouse space. Lease expires in 2 years plus one 10 year option. The business houses ice machines, inventory storage and forklift and delivery can be in the back warehouse portion.
Market Competition and Expansion:
There are competitors, but none with the long standing location of this one and none next to a check cashing store that is as busy as this one.
Growth and Expansion: New ownership who is familiar with managing liquor stores could potentially increase sales and earnings. Needs proper management with attention to customer service. Needs more Liquor inventory and some wine inventory. Liquor is a basic industry that is generally known to increase during economic down turns. (This one has not - but the inventory is also lower than it has been in the past.)
Reason for Selling:
Owner's Cash Flow issues with debt service.
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.