Absentee Operated, Highly Profitable Liquor Store

Business Overview:

Absentee Run High Income Liquor Store | 20 Plus Yr Old Class 'A' DC ABRA License | Low Rent | Excellent Location!!!!!!!!!! A 2780 sq ft liquor store and market is located in a heavily populated and extremely busy neighborhood /area in DC. It generated $644,000 in gross sales in 2023, with 40% liquor. 20% wine and 40 % fast moving grocery items as well as Lottery with strong profit margins. Lottery sales are additional. The business undoubtedly has a very loyal clientele. The business is stable with a constant flow of walk-in clientele throughout the day. The lease is for 5 years. The surrounding area is diverse, with a mix of all races. The seller is a 100% absentee owner as he is too busy running multiple businesses in several states. After deducting all the expenses, the seller's net cash flow is over $12,700 a month. Great opportunity for a buyer who wants to be in the liquor business. Inventory is worth about $ 150,000.00 and not included in the sale price and is separate. Ample street parking spaces available to make the customer's shopping experience easy and stress-free.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Monthly Rent: $6,500.00

Square Units (Foot, Meter): 2,800

Lease Expiration Date: June 4, 2029, 9:00:00 PM

Terms Options: NNN

Facilities: State of the art facilities for the day to day business operations, meeting customers needs. Very Attractive Facility. Good Visibility and Signage. Safe, Upscale Area of DC.

FF&E Overview: Good

FF&E General Condition: State of the art and well maintained FF & E good to go for next 10 years.

Market Competition and Expansion:

Competition: 

Low competition thanks to their strategic location and attractive prices. The competitive advantage this business enjoys because of their location, surrounded by long established residential and commercials communities around the area.

The business is a winner in the competitive landscape in the area (2 miles radius) as they are like a supermarket and have been selling items (high margins grocery and food items) that are not subject to heavy taxes.

Expansion:

Strong growth potential with high levels of profitability forecasted in the coming years as customers are happy with the business and its prime corner location, the variety of products and services. Business knows their customers in terms of their evolving needs and wants and customers know this business for decades.

Reason for Selling:

Diversifying with other business interests in other states

Additional Details:

Relevant Links:

• View more District of Columbia businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker