41Yr Old High End Top DC Ave CORNER In NW - NETS

Business Overview:

41Yr Old High End Top DC Ave CORNER in NW - NETS $ 301K!!!

Prime Location 35 Plus Yr Old Class 'A' DC ABRA License Here's your chance to live in and own a busy Liquor store on a main avenue in our Nation's capital. After 35 years, the owner is looking to retire and sell his long-standing and profitable retail liquor store located in a high-traffic corridor of Washington, DC.

LOCATION, LOCATION, LOCATION
Fabulous Long Successfully Operated Large Liquor Store! Growing business located on a corner of a super busy major NW DC avenue and the business has over 3 decades of successful history and would continue that rich tradition for many generations to come with the right buyer.

Known for its wide selection of spirits, wines, and beer, the store has built a strong customer base within the local residential and commercial community. This turnkey operation is ideal for an experienced operator or an investor seeking a stable, proven retail business with room for expansion. Located next to other stores and restaurants this area gets heavy foot traffic but there is also street parking close by for people to park real quick and run in. The owner owns the property and will become the landlord.

ATTENTION SERIOUS BUYERS
All bona fide buyers please send appropriate financials and you will have a response. This is an ideal opportunity for an experienced industry buyer to enter and grow their portfolio with the possibility of buying the amazing business in NW DC, or who is looking to add another store at a prime location or who are looking to buy the first fantastic store at the right super busy street location.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION!!!!!!!!!!!!!!!!!!

ESTABLISHED SINCE: 1991
Location: Staple Liquor Store of the Community on Super Busy Street Business Opportunity: Wines, beers & Liquor Business
Hours: Sun 1pm-9pm M-Sat 11am-11:30pm
Highly Profitable Site Net Margins: 35 %+/-. Sales: $1,188,000.00 (Including sales tax ) Net income/SDEs: $ 300,000
Yearly Revenue and Profit Trends: Remains Steady Product Mix: Wine: Liquor: Beers - 55% : 25% : 20% Inventory: $200,000 (approx.) NOT included in the asking price
New lease: 10 year lease, $11,500 a month Landlord quality: Excellent, current owner Sales Price: $700,000.00 (excl. Inventory)

KEY DIFFERENTIATOR/COMPETITIVE EDGE
Surrounded by famous and well established high income residential communities, universities/colleges, globally known/operated office buildings including, leading hotels brands, as well as hyper active traffic of tourists and educated professionals throughout the area offer vastly abundant future growth opportunities for business with the right committed buyer. Thanks to the close proximity, Virginia and Maryland commuters also often stop by while passing through on their way home, after work.

FUTURE GROWTH OPPORTUNITIES USING BEST INDUSTRY PRACTICES
A strong hands-on future owner can reduce payroll and increase sales and profits of this already highly profitable business by tapping the following best industry practices/serivces:

- Online Sales
- Digital marketing to promte the business amongts the millennials and younger gens
- Deliveries to 5 miles radius
- Extending working hours
- Adding commercial cusotmers
- Targeting event supplies

Reason for sale: Retirement

A good business for cash flowing value investors.

Proof of Funds Required (upfront)

Seller financing is available (for inventory only)

OR INTERESTED SERIOUS PARTIES PLEASE CALL
Matthew (AKA Matt) Maier - Business Advisors, Downtown Washington DC, Annapolis & Baltimore) AT OFF: CELL: +1 (571)-268-1884 OR EMAIL AT Mmaier@tworld.com.

Contact the Seller:

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

Property Features and Assets:

Established in 1991 and successfully owned by the current owner. Strategically located in this beautiful and reputed wines /liquors store has seen many cycles of boom and burst and has not only surived but thrived all along at the heart of glorious NW DC.

Professionally operating and serving the local communities with wide range of wines, liquors and spirits varieties to the market that includes all kinds of working classes in well established affluent residential and commercial communities in the area as well as vast numbers of visiting/ tourists influx in the area.

Thanks to their impeccable past they have built a lasting reputation of an excellent store offering high quality products and fantastic services throughout its history.

Market Competition and Expansion:

Situated in a Townhome next to other businesses and restaurants, the next liquor store is a few blocks away but doesn't have good street parking like this one.

Has ATM, does not have lottery, check cashing, or delivery (Uber Eats DoorDash etc.)
Owner opens and closes the store when he wants. Different hours sometimes so, with better hours and better management sales will increase.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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