Business Overview:
Turn around by new owner/manager remarkable, his hard work paid off. Took struggling store doing much less volume and has turned it around to good profit maker for its size. Owner has shown what knowledge of liquor and his customers can turn business completely around. Ten thousand for salaries to new buyer withheld from given figures bring total cash flow to over $100,000 plus RIPS of $3,400- Lottery for store has been approved- Store will have lottery in short time. Place now has agent number. Should increase store volume and profit by 15%. Sales liquor 35%, Beer 25%, Wine 20%, Convenience 20%. Mark ups Liquor 25%, Convenience 35%, Cigarettes less than 10% only 2% of total sales. Store is spacious and has room for storage in basement. New owner should follow advice of present operator and financial success is inevitable. Health problems forces sale. Income from money orders 1990/ATM 1377. Contrary to our economic slump this store shows constant improvement. Liquor license value 170,000- RIPS bring in an additional $3,400. 18 year lease based on CP1.
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:
Plenty of room in this 3.000 square feet store with ample refrigeration, security cameras, ice maker and great entrance appeal. Street parking metered.
Market Competition and Expansion:
Closest stores 2 long streets away and is cramped. This store has large appeal in it professional area.
Reason for Selling:
health reasons
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: